Wed, 24 May 2017 | BUSINESS SALE
A women’s fashion label owner is on the hunt for a cash injection, a sale or could face having to enter administration.
The pressure is on Style Group Brands, the company behind Jacques Vert, Dash, Eastex, Precis Petite and Windsmoor, with over 1,000 employees’ positions hanging in the balance.
A retail sector source said all options to include talks with potential buyers were ongoing, with an outcome expected next week.
The group had brought in KPMG to consider a sale or restructuring of the company two months ago due to the ongoing volatile retail environment. And it is thought that if the company does enter administration KPMG will be at the helm.
Trading across UK, Europe and Canada from over 1,850 outlets, Style was created out of the merger of Jacques Vert and Irisa Group, and has concessions in Debenhams and House of Fraser, as well as John Lewis’ online business.
The group rebranded as Style Group Brands in September last year, a few months after Shaun Wills came on board as the new chief executive.
There’s a lot of similar activity going on in the retail sector, with the parent company of Oasis and Warehouse up for sale, as well as Hobbs. While Joy has recently been bought out in a pre-pack administration back to its owners, and Jaeger now under new ownership after being bought out of administration.
Search businesses in administration
Subscribe to the Business Sale Report here
Nursery and out of school club. Ran under management. Registered for 175 places. Established in 1993. This is a retirement sale. Offers invited.
This business has established a strong brand within its market place in over 20 years of trading. The owners have built a strong team to operate the business on a day to day basis. Offers invited.
LEASEHOLD
If you are looking for an uncomplicated yet profitable business, this is it. Using RFID and BLE technology our client works across a number of sectors to electronically tag assets for ease of monitoring. Put simply, the business is one link in a chai...
WORK FROM HOME
|
14
|
|
Nov
|
Scale manufacturer taken over in MBO | MBO/MBI
Weighing scale manufacturer Marsden Weighing Group has been ...
|
13
|
|
Nov
|
Brighton energy firm appoints administrators | ADMINISTRATION
Brighton-based utilities company Toto Energy has gone into a...
|
12
|
|
Nov
|
MBO at Gloucestershire bricklayers | MBO/MBI
Gloucestershire building services firm Cavendish Park Brickl...
Sign up to receive our acquisition alert emails to get your FREE guide
|
13
|
|
Nov
|
Brighton energy firm appoints administrators | ADMINISTRATION
Brighton-based utilities company Toto Energy has gone into a...
|
27
|
|
Sep
|
Administrators called in for Northern polythene manufacturing firm | ADMINISTRATION
Total Polyfilm, a manufacturer headquartered in Preston, has...
|
23
|
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale [UPDATED] | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources