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Oasis and Warehouse acquires fashion brand The Idle Man

16
Sep '19
Pic: The Idle Man
Pic: The Idle Man
The Oasis and Warehouse Group has announced the acquisition of The Idle Man, a British online menswear fashion brand, for an undisclosed sum. The deal marks the group’s entry into menswear. The Idle Man was launched in the spring of 2014 by Oliver Tezcan, a former Asos.com menswear buyer. It is an e-commerce website specialising in menswear.

The Idle Man will have access to the wealth of knowledge and industry experience that The Oasis and Warehouse has built up over many years, as well as benefit from access to the Group’s established supply chain and infrastructure. Tezcan will continue to manage The Idle Man and will report directly to group CEO, Hash Ladha, according to a press release by Oasis and Warehouse.

“We are delighted to welcome Oliver and the team at The Idle Man to the group. This is an exciting acquisition for us. We can bring scale to The Idle Man’s proposition as well as infrastructure support, and the brand allows us to tap into the growing demand for fashionable menswear through a credible and well-established brand. The Idle Man’s team will bring invaluable expertise to the group and I am looking forward to working with them,” Hash Ladha said.

“We are pleased to join the Oasis and Warehouse group which has infrastructure, expertise and scale to help further develop our proposition. Ever since The Idle Man was established in 2014, our premise of delivering a stylish, affordable, and curated menswear offer has been at our core. Our pure play and content creation strategies have already delivered a strong following. This is the start of a very exciting journey for us, we will now have a platform from which we can scale up, attract new customers and develop our own brand wholesale proposition and international business,” Oliver Tezcan, MD and founder of the Idle Man said. (GK)

Fibre2Fashion News Desk – India


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