UK: Fenn Wright Mason sold to Maxine Hargreaves-Adams
By Petah Marian | 29 March 2012
The administrators of Fenn Wright Mason have sold the business to Maxine Hargreaves-Adams, the daughter of Matalan founder John Hargreaves.
Administrators Zolfo Cooper announced today (29 March) that Hargreaves-Adams will take control of Fenn Wright Mason's online, wholesale and retail business, including eight of the retailer's 17 standalone stores and the John Lewis and Brown Thomas concessions, with immediate effect.
"We are extremely pleased to have secured the sale of Fenn Wright Mason to Maxine Hargreaves-Adams, preserving a well known UK retail brand and securing approximately 130 jobs. We wish Maxine and the company's employees all the best for what we believe will be a successful future for the business," said Zolfo Cooper partner Peter Holder.
The company entered administration at the beginning of March, after struggling with cash flow problems amid the challenging retail environment.
When the firm entered administration, it operated 17 standalone stores and 62 concessions, employing 295 retail staff, and 53 at its Southwark headquarters.
Sectors: Retail
Companies: Matalan, John Lewis
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UK: Fenn Wright Mason sold to Maxine Hargreaves-Adams
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