UK: Original Factory Shop owners scotch sale talk
The owner of UK clothing retailer The Original Factory Shop has denied reports that the chain is up for sale.
It follows a report by The Daily Telegraph that the bargain chain would be sold on by private equity owners Duke Street with a GBP200m (US$286.4m) price tag.
However, a spokesperson for Duke Street told just-style: “Following media speculation regarding a sale of The Original Factory Shop, Duke Street would like to state that it is not running a sale process for the company.
“There is considerable potential for growth of the business and Duke Street will continue to work with the management to maximise these opportunities.”
He also denied that KPMG had been appointed as an advisor for the sale.
- Synergies Worldwide CEO unravels sourcing shifts
- Why have US FTA imports fallen to a record low?
- First figures show Bangladesh exports climb
- Collaboration key to the future of smart textiles
- Rana Plaza three years on – Timeline of change
- Hanesbrands to buy Pacific Brands for $800m
- Improving traceability a key industry challenge
- Retailer Austin Reed goes into administration
- Inditex renews global trade union agreement
- C&A selects PLM to boost product development