IRELAND: Sasha fashion chain goes into liquidation
Women's fashion retail chain Sasha has gone into liquidation, leading to the closure of 42 stores and the loss of 300 jobs.
The High Court of Ireland has appointed Deloitte as liquidator to Sasha's parent company, Denholme, which local reports said had debts of nearly EUR10m (US$12.6m) towards the end of 2008.
Sasha was established in 1982, but had struggled recently with mounting losses thanks to the retail downturn and increased competition.
Deloitte's David Carson was appointed as interim examiner to the company in November 2008.
The court was told that there was no reasonable prospect of Sasha's survival, and approved the company's liquidation.
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- Apparel factory auditing is in the firing line
- $1.7bn package to boost Pakistan clothing exports
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016