N Brown Group is undergoing significant organisational changes with planned job cuts ahead.
- Over 100 positions at the Manchester headquarters are being axed.
- The roles affected span various departments, including buying and finance.
- The consultation process began last month, affecting around 200 employees.
- These changes align with long-term strategic goals unrelated to recent acquisition talks.
N Brown Group has announced a substantial reduction in its workforce, with over 100 roles set to be eliminated. This decision comes as the company prepares for a transition to private ownership under the Alliance family. Importantly, the job cuts are part of a broader effort to align the organisation with its long-term strategic objectives.
The restructuring will impact 98 roles at its Manchester head office and an additional seven positions within its supply chain hub. These cuts affect multiple departments, notably buying, merchandising, trading, logistics, finance, data, and creative. The affected employees are expected to leave the business by the end of October.
According to the company’s statement on the London Stock Exchange, the redundancy process was planned prior to the acquisition discussions. This assertion was reinforced by a spokesperson from N Brown, who emphasised the company’s commitment to legal compliance throughout this challenging period.
The restructuring was initiated following an organisational review aimed at fostering sustainable growth and unlocking the company’s long-term potential. Joshua Alliance, a non-executive director, further highlighted this strategic transformation by offering 40p per share for the company’s acquisition through Falcon 24 Topco.
Despite the challenges, N Brown remains focused on delivering a superior customer experience while supporting colleagues through these changes. The company has expressed a strong commitment to its workforce, ensuring support during the redundancy process.
These developments underscore a crucial phase in N Brown’s pursuit of sustainable growth and strategic re-alignment.
