UK: Ousted Ciro Citterio Founder Considers Acquisition
Bankrupt clothing retailer Ciro Citterio may be facing acquisition from one of its original founders, Kirit Thakrar, according to a report in Retail Week. As reported by just-style last week, the Birmingham based menswear retailer is facing debts of some £30m ($42.9m) and will be forced to close 45 of its 160 stores across the UK and the Irish republic.