UK Fashion Industry MANSOOR AKRAM DENıZ KURUGOLLU SUNDEEP RAı JASON NEUMAN VLADıMıR GEORGıEV
Agenda I. DEFINE THE INDUSTRY SECTORII. SECTOR SIZE AND CONCENTRATION III. KEY TRENDS IN THE BUSINESS ENVIRONMENTIV. GROWTH RATE AND SECTOR SIZE PROJECTIONSV. WHICH ARE THE KEY FIRMS IN THE SECTOR?
I. Industry Sector Fashion Retail and manufacturing Boundaries
Industry Sector Cntd… Standard Industry Classification (SIC) 52.41 Retail sale of clothing 52.42 Retail sale of adults fur and leather clothing 52.42/1 Retail sale of childrens and infants clothing 52.42/2 Retail sale of other womens clothing 52.42/3 Retail sale of other mens clothing 52.43/2 Retail sale of leather goods
V. Key Firms in the Sector 18,0% Market Share Marks & Spencer 16,0% 14,0% Next UK 12,0% 10,0% Arcadia Group % 8,0% Primark Stores 6,0% 4,0% New Look 2,0% 0,0% 2005 2006 2007 2008 2009 Source: Mintel Clothing Retailing 2010-2006 Stores Openings International Expansion
V. Key Firms in the Sector1. Marks & 3. Arcadia GroupSpenserPLC 2. Next PLC Taveta Investments Ltd (100%) Shareholders Shareholders Sir Philip Green4. Primark 5. New Look Associated British Foods PLC (100%) Wittington Investments (50+%) Apax Funds & Permira Funds 55.4%, Founder The Garfield Weston 22%, Board Directors Foundation (79%) Garfield Family Adapted from Van Frederikslust R. A. I., James S. (2008)
V. Key Firms in the Sector Strengths Weaknesses Variety of UK high street Product Positioning Primark in the new sector of Ultimate ownership disposable fashion Rivalry of competitors