Ben Sherman employee jobs at risk

British fashion retailer Ben Sherman has put all job roles at its UK HQ into an "at risk" consultation process as it works to restructure the business.

BSGL 1963 Limited, which trades as Ben Sherman and was sold to US firm Marquee Brands for 41 million pounds in July, entered into consultation with its employees, according to UK trade magazine Drapers.

The process is expected to run until the end of January, during which time Ben Sherman will continue to trade as normal.

Ben Sherman's UK stores thought to be loss making

Meanwhile the menswear brand has begun a review of its retail network on a store-by-store basis. It currently operates 20 stores across the UK and Europe, of which many are thought to be lossmaking. It is not yet known how many roles will be cut or how this might affect franchise partners in the rest of the world.

The brand has also licensed out its core line to BMB Clothing. BMB currently holds the licence for Ben Sherman’s formalwear range, while the Flyers Group has the licence for its footwear.

Oxford Industries sold the label to New York brand acquisition and licensing company Marquee Brands in July.

For the year to January 31, Ben Sherman sales increased 26.6 percent to 49 million pounds, but it made a full-year loss of 7.3 million pounds, down from 8.8 million pounds the year before.