Office Holdings is a fashion retailer owned by the South African company, Truworths. It operates the "Office" chain of shoe shops in the UK, Ireland, and Germany, and concessions in Las Vegas, New York City, and Chicago. Office Holdings also owns Offspring, which is a leading retailer of sneakers in the UK.
Video Office Holdings
History
The company's first store opened in 1981 under the name 'Office London' with a concession in "Hyper Hyper" on Kensington High Street. The name came from the fact that their merchandise was displayed on old office furniture. The first stand-alone Office store opened on Kings Road in 1984; as of 2014, the company has 105 stand alone stores in the UK and more than 47 concessions.
In 1996, Office launched its Offspring brand, a fashion sports footwear concept. Poste, an upmarket men's boutique, was launched in 2000; it is styled after a typical gentleman's club. This was followed by Poste Mistress in 2001, a ladies' footwear boutique selling labels such as Vivien Westwood and Dries van Noten.
In 2015 Office was warned by the Information Commissioner's Office to improve its data security practices, after the personal details of more than a million customers, including passwords, were found to be stored in an insecure unencrypted database outside the company's core systems. Remedial measures included enforcing a revised data retention policy to ensure data was only kept for as long as actually necessary.
The company was privately held, and was purchased by Tom Hunter of the West Coast Capital Group, whose portfolio includes High Street shops Qube and USC and low-cost hotel chain Travelodge. West Coast subsequently sold to Silverfleet Capital in 2010.
In December 2015, South African clothing retailer Truworths acquired Office Holdings for £256 million.
Maps Office Holdings
References
External links
- Official website
Source of article : Wikipedia
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