Thu, 05 Apr 2012 | DIVISION SALE
Robinson Webster Holdings is to sell or close down its underperforming fashion brand Kew and focus its efforts on Jigsaw.
The womenswear retailer was relaunched as Kew.159 last year in an attempt to turn around its poor performance. If a buyer does not step forward, the 16 stores and 22 concessions will be turned into Jigsaw or Jigsaw Menswear shops, with a few being sold off to other retailers.
The decision to dispose or reabsorb the failing stores was the result of a strategic review at Robinson Webster. Robinson Webster is entering discussions with its shareholders, stakeholders and staff to explore a potential sale of Kew as a going concern.
Kew was created as an affordable alternative to Jigsaw in 2003, and its sales peaked at £22.1 million in 2010 and fell to £20.5 million last year. Sales at Jigsaw, however, are up by 8.6 per cent on last year. Kew.159 is to continue trading into autumn this year with its existing stock, but is not scheduled to make a collection for Spring 2013.
It is said that some job losses will be “inevitable” at the business. A Robinson Webster spokesman said: “It is hoped the orderly closure will allow staff to find roles in other parts of the group or elsewhere.”
Discover a unique opportunity to acquire an innovative e-retailer specialising in children's clothing, renowned for delivering cutting-edge brands and technologies.
A specialist builders’ merchant with a robust client base, boasting over 124 active clients with 80% providing repeat business. The business is supported by an experienced and dedicated workforce, ensuring smooth operations and high staff retention....
A business predominantly supplying niche floor treatments is exclusively being marketed for sale. Located in Essex, it is one of the largest suppliers in the UK and a dominant player in the South and South East.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.