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Specialty Fashion Group

June 2020

Plus-sized retailer City Chic is closing 13 per cent of its stores.

City Chic closes 13pc of stores

The plus-sized retailer is shrinking, closing stores where it could not negotiate lower rents.

  • Sue Mitchell

February 2020

Double blow: Noni B owner Mosaic Brands has been hit by bushfires and the coronavirus.

Mosaic Brands postpones dividend after fires, virus

The owner of womenswear brands Noni B and Katies fears COVID-19 could disrupt one of its biggest trading periods, Mother's Day.

  • Sue Mitchell
City Chic holds dividend despite profit growth.

City Chic withholds dividend despite growth

The plus-sized retailer expects to grow same-store sales even though the coronavirus could squeeze stock levels in the June quarter.

  • Sue Mitchell

November 2019

Noni B CEO Scott Evans says the acquisition of EziBuy from major shareholder Alceon will boost the retailer's digital sales.

Noni B's EziBuy deal raises questions for SurfStitch investors

The sale of EziBuy to Noni B has thrown into doubt potential returns to former shareholders of online surfwear retailer SurfStitch.

  • Updated
  • Sue Mitchell

October 2019

As clothing sales stall, retailers such as H&M are offering customers vouchers if they return textiles for recycling and launching more sustainable collections.

Clothing industry in decline as conscious consumers cut back

Clothing volumes are starting to peak, while prices are likely to keep falling.

  • Sue Mitchell
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July 2019

Michael Hill's new CEO Daniel Bracken has promised to reimburse staff after a review found the retailer had underpaid staff by as much as $25 million over six years.

Michael Hill faces profit hit after underpaying staff for six years

The jewellery retailer estimates the one-off cost of reimbursing staff underpaid over six years will be between $10 million and $25 million.

  • Sue Mitchell

March 2019

News that GDP was positive sent the dollar to US75.40¢ from US75.02¢.

Buy, hold, sell: Nearmap, Service Stream; Rhipe

Ben Clark from TMS is joined by Martin Hickson from Wilson Asset and David Keelan from Ellerston Capital to review five small caps flying high.

February 2019

Gary Perlstein is a lot richer now than he has when he lost his Specialty Fashion job.

Gary Perlstein's forced retirement proves highly lucrative

Silver linings rarely come this generously.

  • Updated
  • Myriam Robin

January 2019

Noni B reports a strong Christmas

Women's fashion retail group Noni B said total sales grew by 140 per cent last half, buoyed by new brands bought from rival Specialty Fashion.

  • Updated
  • Bo Seo

November 2018

Michael Hill CEO Daniel Bracken's secret weapon

New Michael Hill CEO Daniel Bracken says the jeweller is a good business but there are plenty of opportunities to make it even better.

  • Sue Mitchell

Noni B lifts guidance after better-than-expected synergies from new brands

Retailer Noni B expects earnings to rise 21 per cent this year to $45 million, buoyed by the acquisition of five Specialty Fashion brands.

  • Updated
  • Sue Mitchell

September 2018

Daniel Bracken has nearly three decades retail, most recently as CEO of Specialty Fashion Group.

Daniel Bracken named new Michael Hill CEO after Specialty Fashion stint

Jeweller Michael Hill has appointed Daniel Bracken as its new CEO after he led Specialty Fashion Group less than one year.

  • Updated
  • Will Willitts

August 2018

Noni B profit rises fivefold after Pretty Girl acquisition

Noni B expects to turn around the loss-making brands it bought from rival Specialty Fashion Group by 2020.

  • Updated
  • Sue Mitchell

Specialty Fashion to resume dividends as City Chic struts its stuff

Specialty Fashion Group will pay its first dividend for five years in 2019 after selling five loss-making brands to focus on its best performer.

  • Updated
  • Sue Mitchell

Gary Perlstein watches Specialty Fashion boom

It must suck to see someone else come along to take the credit for such resounding success.

  • Updated
  • Myriam Robin
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July 2018

Alceon Group eyeing further acquisitions after Specialty Fashion, SurfStitch deals

Alceon Group is eyeing more retail acquisitions after emerging as one of Australia's largest retail investors.

  • Updated
  • Sue Mitchell

May 2018

Specialty Fashion shares surge 46pc on Noni B deal

After coming close to collapse in 2014, Noni B will become Australia's largest women's wear retailer after spending $31 million on five mature brands.

  • Updated
  • Sue Mitchell
Monday's deal will see Speciality Fashion Group sell most of itself to fellow women's fashion retailer Noni B.

How Specialty Fashion won a plus-size market boost

The 50 per cent jump in Specialty Fashion's share price is the result of a booming women's fashion chain and no small amount of pain.

  • Updated
  • James Thomson

March 2018

Another Specialty Fashion investor backs equity raising after knocking back offer

Specialty Fashion's largest institutional shareholder Lazard is backing calls for an equity raising rather than a fire sale after knocking back an offer for its 13 per cent stake.

  • Updated
  • Sue Mitchell
Katies store at Westfield Southland Shopping Centre. The chain is one of the assets within the Specialty Fashion empire.

Activist fight over Specialty Fashion looms as test for board and investor

Specialty Fashion might be struggling, but activist investor Sandon Capital, led by Gabriel Radzyminski, has a much more optimistic view of the business.

  • Updated
  • James Thomson

Original URL: https://www.afr.com/company/sfh-1g0