Cavendish’s Consumer Quarterly Report reviewing Q4 2024, looks at some of the key themes impacting the UK consumer. For this quarter, we also explore the key M&A trends across the sector, with a spotlight on Apparel & Accessories – a sub-sector which for much of 2024 was unloved, but from an investor and M&A perspective, looks much brighter for 2025.

Henry Wells, Head of Consumer at Cavendish, notes, “Our focus on the Apparel & Accessories sub-sector for this quarterly, reflects our views that 2025 will be a stronger and more active year than 2024, with a rise in investor sentiment and opportunities.”

If you would like to discuss anything in, or arising out of, this report, please do contact any of the Cavendish Consumer Team, whose contact details are set out in the report.