Random Fashion Questions: The new (Bell) End Clothing website


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Hanto
Hanto avatar

2763 posts since 30/11/09

11 Feb 2021 09:43
Completely agree!

Mind you their system thinks I'm a bit so I get blocked whenever I am on chrome. Try the app. If you find an item on your phone browser and go to the app instead, it has worked for me in the past.
generic_guy
generic_guy avatar

9843 posts since 16/9/02

11 Feb 2021 09:43
Yeah, very annoying.
Not sure how much it helps them either TBH, 90% of the time I ever checked their website is either looking for sizing then having a browse or seeing a code on here.
TCB
TCB avatar

4694 posts since 5/7/11

11 Feb 2021 10:01
Totally. That's my go-to on purchases from practically everywhere. End's poor styling side, that 'model is 'x' hight and wears 'y' size' was very helpful. Really don't understand why other sites don't adopt the same approach tbh.
d_low
d_low avatar

815 posts since 20/8/10

11 Feb 2021 14:55
TCB wrote: Totally. That's my go-to on purchases from practically everywhere. End's poor styling side, that 'model is 'x' hight and wears 'y' size' was very helpful. Really don't understand why other sites don't adopt the same approach tbh.

Makes the world of difference. I know it must be time consuming to measure every item but I'm certainly more inclined to order from somewhere that has exact measurements. A few times I've noticed end haven't bothered measuring a specific item so I've gone elsewhere for it for that reason alone.

I must say, the model on End must be an odd size because it's always 6"1 and wears size medium yet I'm 6"2 and end up with XL (and I'm slim) Laughing out loud .
diederik
diederik avatar

3278 posts since 16/8/11

posted 23 Mar 2021 16:55, edited 23 Mar 2021 16:55
Jawdropping!

Carlyle Group Inc. has agreed to buy a majority stake in U.K. luxury online fashion retailer END, the latest bet by a private equity firm on the future of e-commerce.

The buyout firm will acquire the holding from END founders Christiaan Ashworth and John Parker, it said in a statement Tuesday, confirming an earlier Bloomberg News report. Carlyle’s purchase values END at more than 750 million pounds ($1 billion), people with knowledge of the matter said, asking not to be identified discussing confidential information.

https://www.bloomberg.com/news/articles/2021-03-23/carlyle-agrees-to-buy-1-billion-u-k-online-luxury-retailer-end
Hanto
Hanto avatar

2763 posts since 30/11/09

23 Mar 2021 17:42
Bloody hell. Big move if Carlyle are involved. And to think that Christiaan used to post on here! Laughing out loud
Crackajack
Crackajack avatar

7853 posts since 21/4/05

23 Mar 2021 17:53
Hanto wrote: Bloody hell. Big move if Carlyle are involved. And to think that Christiaan used to post on here! Laughing out loud

Bring back the END £250 giveaway @Christiaan - End
padawan
padawan avatar

4427 posts since 27/6/03

23 Mar 2021 17:58
Both great lads…
swede
swede avatar

9504 posts since 21/3/09

23 Mar 2021 19:19
£750M!! that's no chicken feed
EssexBoyII
EssexBoyII avatar

7049 posts since 5/6/07

25 Mar 2021 00:37
I really don’t understand how they’ve done so well. So much tat on there - they must have untold stock even after final sales
ginner
ginner avatar

318 posts since 15/4/14

26 Mar 2021 08:01
Stock sits on the book as an asset while unsold. How it's valued is another matter. Could be over, could be spot on. Market is full of people like Carlyle at the moment who are looking to invest into businesses (almost any business) so they can invest the cash. PE funds benefit from quantitative easing and being able to borrow at low rates at the moment. Plenty of people with funds to invest in them so there are lots of funds with lots of cash and they don't get their fees unless they invest it, so they need to find places to invest it. I have a small stake in the firm I work at and we get 1-2 PE firms a month offering to invest in us or buy us out.

Average PE for retail is 20 times earnings so to get a valuation of $1bn they would have to be making $50m profit per annum before tax, debt etc.; however they might have been put on a higher PE and this is when you get into crazy valuation territory.

Either way the guys who have set up have played a blinder to go from a shop in Newcastle to a $1bn business at exit. Kudos to them for that!
ginner
ginner avatar

318 posts since 15/4/14

26 Mar 2021 08:06
Just checked and they make $36m per year profit, so a 28 times valuation which is punchy but not too unusual. Indicates there is a potential to grow (which there clearly is) so expect to see some more End stores popping up in cities near you soon and the website being advertised everywhere!
Hanto
Hanto avatar

2763 posts since 30/11/09

26 Mar 2021 09:02
I think Carlyle were the group who invested in Supreme prior to VF buying them, so may have influenced the guys in thinking they know what they are doing.
crutch
crutch avatar

486 posts since 22/11/12

26 Mar 2021 09:04
I think they do quite a lot of business outside of the UK. Could see them opening stores in Europe now for example. I think they do a lot to Korea too
Anto
Anto avatar

3964 posts since 19/1/12

26 Mar 2021 09:53
Hanto wrote: I think Carlyle were the group who invested in Supreme prior to VF buying them, so may have influenced the guys in thinking they know what they are doing.

True, bought 50% in 2017 for $500m, sold in 2020 for $2.1bn
Anto
Anto avatar

3964 posts since 19/1/12

26 Mar 2021 09:57
crutch wrote: I think they do quite a lot of business outside of the UK. Could see them opening stores in Europe now for example. I think they do a lot to Korea too

60% of their revenues in 2020 came from outside of the UK. Total revenues in 2020 were £170m
LFC
LFC avatar

5257 posts since 14/6/11

19 Apr 2021 12:33
Bought something for £749 last week, in the sale today it’s £525, asked if they could refund the difference save me sending it back and re-buying, made me send it back. FUCKIN GOONS Evil