Once-popular fashion retailer given lifeline after shock closureThere has been a major acquisition three months after the store announced it was shutting down.2 min read

7NEWS

Sep 22

Three Australian fashion and lifestyle retailers are set for a fresh start after financial struggles and store closures, in a major acquisition.The deal has been announced by Brand Collective, the ...

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retailers are set for a fresh start after financial struggles and store closures, in a major acquisition.The deal has been announced by Brand Collective, the ...</p>\n\n<a href=\"https://7news.com.au/news/brand-collective-buys-glue-store-the-dom-and-running-bare-in-retail-expansion-c-22907083\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OZR.AU","symbol_name":"SPDR S&P/ASX 200 RESOURCES 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Brand Collective’s ongoing evolution and innovation as a business,” chief executive David Thomas told industry publication Inside Retail. “Brand Collective has considerable experience in taking brands to new levels of success, and we see enormous potential across all three.”Brand Collective chief executive David Thomas is leading the group’s expansion, which adds three retailers to a portfolio featuring major international and Australian brands. Credit: 7NEWSThe announcement comes after all three experienced significant disruption, including closures and financial difficulties.Glue Store set for a returnThe acquisition marks a potential comeback for youth fashion retailer Glue Store, which was shut down by former owner Accent Group in June following an $8.4 million loss.Brand Collective said it plans to maintain Glue Store’s focus on youth fashion, while introducing an improved digital experience and expanding its store presence.Be the first to know: Add 7NEWS as your preferred news source on GoogleThe company has not yet revealed when Glue Store will relaunch or how many physical stores it intends to operate.Glue Store has announced it has permanently closed its stores and online operation, but the youth fashion retailer is now set for a potential comeback under new ownership. Credit: Karingal Hub/GlueThe DOM to expand its online offeringThe DOM, an online factory outlet that closed in April amid financial constraints, will be rebuilt as a fashion plattform.“Brand Collective intends to build The Dom into a broader destination providing customers with fashion, footwear and lifestyle at great prices,” a company spokesperson said.The relaunch timeline remains unclear, with The DOM’s website currently stating it is “reconfiguring” and “will be returning soon”, without specifying when the notice was posted.Both Running Bare and The DOM have displayed messages indicating their businesses are undergoing change, with The DOM promising to return soon. Credit: Running Bare/The DOMRunning Bare to undergo digital transformationLongstanding Australian activewear brand Running Bare is the third retailer included in the acquisition.The Sydney-crafted activewear brand, which has been operating since 1983, spent six months out of business before being acquired by Brand Collective. The group plans to preserve Running Bare’s “distinct identity” while investing in its digital operations, with further details expected in the coming months.Running Bare’s activewear collections showcase the Australian label’s distinctive fashion and fitness identity as it prepares for a new chapter. Credit: InstagramThe financial terms of the three acquisitions have not been made public.Brand Collective’s portfolio includes major international names such as Superdry, Reebok, Champion, Clarks and Canada Goose, alongside Australian brands including Review, Black Pepper, Volley and Julius Marlow.The deals come as Australia’s retail sector faces ongoing financial pressures, rising operating costs and changing consumer spending habits.The announcement comes as Australian fashion retailer Cue Clothing Co, which has operated for nearly six decades, faces collapse after entering receivership and voluntary administration in September.7NEWS.com.au has contacted Brand Collective for comment. Aussie airlines rake in billions as travellers wait for cheaper flights2 min readAustralian fashion icon collapses into administration1 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"merge","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}