UK: Matalan Buys Upscale Knitwear Firm Wolsey
Britain's largest out of town fashion retailer, Matalan, on Wednesday announced it has acquired up-market knitwear firm Wolsey for an undisclosed sum. The discount retailer said the Wolsey brand, which includes men's underwear and sweaters, had been selling well in its stores and it had decided to buy the Leicester-based company.