Mark Walsh and Jeremy Whaley, directors at young women's high street fashion chain Pilot International, are the new owners of 22 of The Designer Room retail outlets. The Designer Room was placed in administration on 12th June and a total of 160 jobs were at risk if a buyer was not found.

The stores, the majority of which are in factory outlets selling brands such as Elle, DKNY, Jasper Conran, KLASS and Versace, will continue to trade as The Designer Room. Own label brands will be introduced in the longer term and the stores will be developed to include a broader range of designer brands and labels.

Vivian Bairstow, Joint Administrator at insolvency and corporate recovery firm Begbies Traynor which handled the sale, said: "We have always maintained that the company has a sound business concept and so are delighted to have sold the chain to purchasers who will develop it further.

"The Designer Room is in a highly attractive market niche of its own. Fashion conscious men and women can buy designer label goods at very reasonable prices across Britain. We have always had faith in the concept which deserves to prosper under new ownership."