Women's fashion brand owner seeks sale, or risks administration

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


Share this article



Latest Businesses for Sale

Major Innovator of Job Search Technology & Related Platforms
East of England, UK

One of the top job search portals - developed in-house - with over 1m UK-based vacancies available from employers operating in nearly all sectors across the UK. Also develops & operates a series of complementary platforms & mobile apps for use within...

Asking Price: Offers Invited
Turnover: £3,400,000

Supply of Flanges, Butt Welds & Machining
UK Wide

Manufacture and supply of high quality, hard metal, flanges and butt welds with machining services. Enviable reputation. Niche offering. Long standing relationships with suppliers. In-house manufacturing capabilities. Diverse client base including m...

Asking Price: Offers Invited
Turnover: £1,100,000

Road Surfacing & Civil Engineering Contractor
Scotland, UK

Public and private sector road surfacing and civil engineering contractor with a prestigious Royal Warrant for Road Maintenance. Provides roadworks, groundworks and civil engineering services. Diverse customer base including Royal Estates, local auth...

Asking Price: Offers Invited
Turnover: £3,800,000


View more businesses for sale

News Search

Latest News

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
12
 
Jan
 

North East furniture manufacturer has entered administration | ADMINISTRATION

Godfrey Syrett, which describes itself as a “true Brit...

 
05
 
Jan
 

Airline’s engineering arm enters administration | ADMINISTRATION

Monarch’s last surviving division has fallen into admi...

 
25
 
Oct
 

Yorkshire manufacturer completes MBO | MBO/MBI

Senior Architectural Systems, a window and door manufacturer...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources