Ann Summers news and archive

Ann Summers head Jacqueline Gold passes away after battling breast cancer

The executive chair of lingerie retailer Ann Summers, Jacqueline Gold, has passed away at the age of 62 after a lengthy battle with breast cancer. Gold’s sister Vanessa announced her death in an Instagram post, where she said: “It is with unspeakable sadness I’m writing to let you know that my incredible sister – our amazing Ann Summers...

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Ann Summers in management reshuffle

Ann Summers has announced a number of changes to its management team amid its ongoing turnaround strategy. Jacqueline Gold is stepping down from the position of CEO to take on the job of executive chair. In her new position, she will work closely on the company’s strategy, while “remaining the face of the business in the wider world”. She will...

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Ann Summers returns to profit in 2021, sales up 9 percent

Ann Summers has revealed it swung to a profit last year as it underwent a restructuring by way of a company voluntary arrangement (CVA). The British lingerie retailer said it made a “meaningful return to profit” in the year to June 2021, full details of which it said will be shared later this year at Companies House. In the same period, the...

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Ann Summers CVA approved by creditors

Ann Summers has received the green light from its creditors to go ahead with a company voluntary arrangement (CVA) to restructure its store estate. The CVA, which was approved by 90 percent of creditors, will affect the 25 of Ann Summers’ 91 stores it was unable to agree revised rent terms for with landlords. They will now move to turnover-based...

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Ann Summers launches CVA proposal

Ann Summers has become the latest UK fashion business to launch a company voluntary arrangement (CVA) in a bid to move its stores to a turnover-based rent model. The company said the CVA will only affect the 25 of its 91 stores it was unable to agree revised rent terms for with landlords. The brand has called in FRP Advisory to oversee the...

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Ann Summers considers CVA

Ann Summers CEO Jacqueline Gold has revealed the company is considering launching a company voluntary arrangement (CVA) as it struggles to cope with difficult trading amid the Covid-19 pandemic. Gold said that the company has tried to work with landlords to change its rent to a turnover-based model. She said that while some landlords have taken...

Business

Ann Summers: FY17 profits surge 180 percent

For the 52 week period ended June 24, 2017, lingerie player Ann Summers has posted a 180 percent jump in profit before tax at 2.9 million pounds (4 million dollars) against 0.9 million pounds (1.2 million dollars) in the previous year. The company said airing of ITV’s six-part drama series ‘Brief Encounters’ in July 2016 led to a double-digit...