1st August 2018 – Yours Clothing, the UK’s fastest growing plus-size fashion retailer, is pleased to announce it has purchased a new 142,000 sq. ft. UK headquarters in Peterborough. City law firm, Druces LLP, advised Yours Clothing on the acquisition and lease of these new premises; the team was led by Property Partners Karen Chapman and Nicholas Brent.
Yours Clothing employs more than 1,100 staff and, as one of the largest employers in Peterborough, this investment is part of Yours Clothing’s ongoing commitment to improving its infrastructure and ensuring a strong platform to deliver its ambitious long-term growth plans for the business.
The new headquarters, which are located at Newcombe House, Bakewell Road, Orton Southgate will continue to house a photography studio, its customers services department as well as Yours’ distribution center all under one roof. Yours Clothing are relocating from their present smaller 85,000 sq.ft. premises, also located nearby in Orton Southgate.
News of the new HQ follows a successful year for Yours Clothing, which operates more than 135 stores across the UK. They reported strong growth figures for their last financial year, with a 22 per cent rise in revenues to £88.3 million for 12 months to January 2018 (compared to £72.1 million in the previous year). In addition, the company has launched eight country specific websites and in June 2018, the company’s menswear brand, BadRhino opened its first two standalone UK stores which have been well received.
Andrew Killingsworth, Founder and Chief Executive of Yours Clothing , said: “This is an exciting time for Yours Clothing; we are investing in IT and infrastructure and our new enlarged HQ will ensure that the brand is well positioned to deliver on our ambitious growth plans. The business is continuing to see strong demand across womenswear and menswear both here in the UK and internationally which reflects the growing demand of our products and the strength of our omni-channel business model”.
Druces Partner Karen Chapman added: “We were delighted to advise Yours Clothing on their new headquarters, having advised the business from its earliest days. This is a fine example of Druces having the right size and structure to help ambitious companies on their journeys from initial formation through to pivotal moments such as this relocation.”
Yours Clothing were also advised by Steve Hawkins of Barker Storey Matthews, one of the largest independent firms of Chartered Surveyors in the Eastern Region.
The company expects to move into the new premises before the end of the year.
For further information:
Yours Clothing: Alex Brennan / Sophie Lister / Nelly Akpaka at Hudson Sandler LLP
E: firstname.lastname@example.org / T: 020 7796 4133
Druces: Tracy Carlin – Head of Business Development
E: email@example.com / T: 020 7216 5539