M and M Direct explained

MandM
Type:Private
Foundation:1987
Location:Leominster, United Kingdom
Key People:Mike Tomkins, Chairman
Num Employees:470
Industry:Clothing retail
Homepage:https://www.mandmdirect.com/

MandM is a British online fashion retailer based in the United Kingdom. It sells its products exclusively over the Internet and was the second largest online fashion retailer in the UK in the 2010s.[1] It specialises in buying clearance stock from manufacturers and selling at discounted prices.[2] They stock over 150 brands[3] including Adidas, Timberland, Diesel and Puma.[4]

History

The company was started as M and M Sports in 1987 by Mark Ellis and Martin Churchward.[5]

Following a buy-out by private equity group ECI Partners in 2004 the company’s identity changed to MandM Direct in order to reflect their move into selling fashion and lifestyle brands.[6]

In 2007 US private equity group, TA Associates completed major investment and the logistics operation moved to new warehousing in Herefordshire.[7]

2009 saw expansion into Europe which led to German language and later French language sites being created.

In 2014, according to the reports, Danish fashion group Bestseller purchased MandM Direct Ltd for £140 million ($235 million). [8]

The company was a back-of-the-shirt sponsor for Hereford United until 2012.[9]

MandM are an official partner of Teenage Cancer Trust and has raised over 1.5 million pounds.[10]

Location

The company headquarters is in Hereford, Herefordshire,[11] with the main warehouse facility being based at Moreton-on-Lugg just off the A49.[12]

Brands

References

  1. News: Marcus . Leroux . MandM prepares for German expansion . . 18 January 2010 . subscription.
  2. Web site: M&M Direct About Us. 18 January 2022. M and M Direct.
  3. Web site: MandM Direct: latest news, analysis and trading updates. 2022-01-18. Retail Week. en.
  4. Web site: M &M Direct A-Z Brands. 18 January 2022. M&M Direct.
  5. Web site: Clothing Website M And M Fashions £80m Sale. 2022-01-18. Sky News. en.
  6. Web site: Media. Insider. Revenue passes £200m at discount online retailer. 2022-01-18. Insider Media Ltd. en.
  7. Web site: Donati. Marino. 2007-10-25. M and M Direct sold to US private equity firm. 2022-01-18. Drapers. en.
  8. News: 2014-06-16. Bestseller to buy MandM for up to 140 million pounds. en. Reuters. 2022-01-18.
  9. Web site: 2013-07-12. Hereford football shirt 2011 - 2012 sponsored by Cargill. 2022-01-18. oldfootballshirts.com. en.
  10. Web site: Our partnerships. 2022-01-18. Teenage Cancer Trust. en.
  11. Web site: MandM opens new Head Office doors at Hereford’s Old Market with 280 staff members. Your Herefordshire . 19 June 2024.
  12. Web site: M&M's massive investment is a vote of confidence in county . Hereford Times . 15 December 2013.