UK: Interest grows in collapsed clothing chain Republic
Ernst & Young said more than ten parties are interested in buying Republic
More than ten parties have expressed interest in buying the collapsed youth fashion retailer Republic less than a week after it was forced to call in the administrators and lay off 150 employees.
"We have over ten interested parties," a spokesperson for administrators Ernst & Young told just-style today (19 February).
The Leeds-based clothing chain, which was owned by private equity group TPG, fell into administration last Wednesday after suffering a rapid decline in sales.
Ernst & Young last week said it would continue to trade Republic, with a view to selling the business as a going concern. The administrators have since called in restructuring specialist Gordon Brothers to help run the business.
Republic has also launched a clearance sale in its 121 stores across the UK.
Some 190 companies have now signed the Accord on Fire and Building Safety in Bangladesh following the collapse of the Rana Plaza factory building in Dhaka, which killed more than 1,100 people in 2013....
Over the forecast period, Marks & Spencer (Asia Pacific) Ltd will continue to monitor and review efficiency in supply chain and other operations in order to reduce cost. The company will also continue...
This report provides information, analysis and valuable insight on developments relating to the performance apparel industry in the following categories: acquisitions, divestments and mergers; corpora...
Marks & Spencer Plan A director Richard Gillies is to leave the retailer next month, and will be replaced by the company's head of sustainable business, Mike Barry....
This report provides an update of business news in the following categories: acquisitions, divestments and mergers; company rebranding; company restructuring; corporate social responsibility (CSR); fi...
Declines in clothing sales at Marks and Spencer allegedly slowed during July. ...
Speakers from Marks & Spencer and Asos have been lined up for a forthcoming consumer-focused conference in the UK....
- Low labour cost countries linked to highest risks
- UK reshoring hub hit by sweatshop claims
- New fibre and fabric innovations for outdoor wear
- COMMENT: Skills or new technology?
- Why should brands care about China cotton?
- South Africa to grow grass for recyclable textiles
- US West Coast port contract reached
- 30% of Adidas cotton from sustainable sources
- Activewear driving US apparel spend
- Benetton to embark on living wage roadmap
- Global market review of swimwear - forecasts to 2019
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Apparel Retail: Top 5 Emerging Markets Industry Guide