More than half of the stores operated by High & Mighty, the specialist retailer of clothing and footwear for tall men, have been bought by home shopping group N Brown.

The GBP1.6m (US$2.7m) deal was announced by administrators PricewaterhouseCoopers LLP today (11 September), and will see N Brown unit JD Williams & Company take on around 100 jobs and 14 of the 22 High & Mighty stores in the UK.

The sale involved a pre-packaged administration, the process where sale prices and contracts are drafted before a company goes into liquidation to enable a quick sale once administrators are appointed.

In this case, administrators were appointed just yesterday (10 September).

David Bennett, administrator and director at PricewaterhouseCoopers LLP said High and Mighty had "recently been experiencing difficult trading conditions."

He added that the sale of a significant portion of the business "should provide stability for many customers, suppliers and employees alike and means the High & Mighty brand will continue to exist on the UK high street."

N Brown, which sells value priced clothing, footwear, household and electrical goods via the internet and catalogues, is best-known for its brands such as Fifty Plus, Shapely Figures, Ambrose Wilson and Oxendales which target large and mature women.

It said the High & Mighty acquisition "fits in with its strategy to focus on niche products and customers."

N Brown also sees an opportunity to "create a multi-channel retail business with this brand comprising a portfolio of stores in major cities complemented by the reintroduction of catalogues and the development of the online offer."

The Manchester-based firm has been one of the most resilient UK retailers in recent years, with its sales rising 5.1% the 18 weeks to 4 July.