Matalan kicks off turnaround under new boss as retailer slashes jobs Retail Matalan’s new boss has kicked off the fast fashion retailer’s wide-range turnaround which has revamped dozens of stores but caused the loss of more than 600 jobs. Henrik Nordvall, who took the reins as chief executive in November, said he is “encouraged by the progress already underway” as the clothes seller pushes to renew its [...]
Matalan gets £25m investment boost for store upgrades Retail Clothing retailer Matalan has secured a £25m funding boost from its investors despite facing falling revenue and job losses last year, Morning Wire can reveal. The firm’s core investor group – Invesco, Tresidor, Man Group and Napier Park – have committed the funding to accelerate the retailer’s plans to revamp its stores. The funding boost [...]
Matalan: Huge losses continue as almost 200 jobs lost Retail Huge losses have continued at Matalan as its sales dipped below £1bn and it shed almost 200 jobs. The Liverpool-headquartered retailer has reported a pre-tax loss of £67.2m for the 12 months to 22 February, 2025. The total comes after Matalan also posted a pre-tax loss of £60m in its prior year. New accounts also [...]
Matalan takes huge step towards the black despite sales dip June 25, 2024 Matalan's pre-tax loss was slashed during its latest financial year despite its sale dipping, according to new figures.
Revealed: Matalan lost over £100m as lenders took control March 6, 2024 Matalan lost more than £100m in the year it was taken over by its lenders, newly-filed accounts have revealed.
Matalan turns to AI in ‘retail first’ as it predicts productivity to quadruple March 4, 2024 Matalan launched a Generative AI (GenAI) tool in a "retail first" which it has said will lead to a quadrupling of productivity.
Matalan finance chief to step down after 23 years as successor poached from Poundland February 12, 2024 The chief financial officer of Matalan is to step down after 23 years in role as the fashion retailer announced his successor.