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Production team axed in Lipsy restructure

Lipsy is closing down its production department following a restructure designed to “meet the changing needs” of the Next-owned company.

Lipsy chief executive Jeremy Stakol said the brand began a restructuring programme in January, “driven by the needs of our increasingly multichannel and internationally focused business”.

Stakol said he was “signi­icantly increasing [Lipsy’s] buying and merchandising departments by absorbing many functions previously managed by [its] production department, which is proposed to close down.” It is thought Lipsy employs about 10 people in its production team and 14 across its buying and merchandising teams.

As a result of the proposed changes, Stakol said the women’s young fashion brand expects to increase its total headcount: “We want to retain employees and we anticipate that almost all current staff will ­find suitable positions within the greatly expanded buying and merchandising departments.”

He added: “This is not about cost savings. It is about improving our operations to meet the changing needs of the Lipsy business where online sales are greater than our retail sales and international franchise sales are expected to be greater than UK retail sales within the coming years.”

Lipsy was founded in 1990 and acquired by Next in 2008. As well as its own stores, it is also sold through Asos, Very and Debenhams.

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