Danish brand house Bestseller has made around 10 of its UK sales staff redundant, Drapers understands.
The job cuts are thought to have taken place across menswear teams in the Manchester and London offices. Bestseller’s menswear brands include Jack & Jones, Only & Sons and Selected Homme. Drapers understands staff were informed at the end of last week.
One source told Drapers the decision to “trim” sales staff was a result of the demise of big multi-brand retailers such as Bank, which hit the Bestseller wholesale business hard this year.
Bank fell into administration on January 5 and the last of its 84 shops closed in April. Bestseller has also been rocked by problems facing young fashion chains Republic and USC, which were rescued from administration in 2013 and this year respectively, leaving some creditors owed tens of thousands of pounds.
“The product is still doing really well, but the big boys going under have hit them,” the source said. “They don’t need as many people as the big accounts are not there. They are trimming down the regional people as they can get others to cover those areas.”
However, another source explained that Bestseller regularly reviews its teams and make changes according to which of its 20 brands are growing and expanding.
Bestseller employs more than 15,000 worldwide, 3,300 of which are based in Denmark. The business would not confirm how many people are employed in the UK and declined to comment on the redundancies.
The business reported a 5% increase in sales to €2.7bn (£1.9bn) in 2014.