Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Ben Sherman hires to restructure

Ben Sherman’s new owners have hired industry veteran Simon Smith as chief restructuring officer to review the business and recommend changes and future strategy.

Smith is working full-time at the brand’s Clerkenwell HQ, where Mark Maidment continues as chief executive. Smith is expected to submit a report in the autumn.

For the past three years, Smith, whose career has included stints at Levi Strauss and World Design & Trade (Firetrap and Full Circle’s original owner), has worked as a restructuring specialist through his own company, Discern Consulting & Trade.

His clients have included Tesco and Clerys in Ireland.

He also worked with restructuring specialist Gordon Brothers, which is understood to have been involved in the deal that saw New York-based investment house Marquee Brands buy Ben Sherman from US owners Oxford Industries for around £41m three weeks ago.

The British heritage menswear brand made a loss of £7.3m on sales of £49m in the year to January 31.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.