ACCRINGTON: FG EXPANDS IN RETAIL

Manchester Evening News logo 300px 1 - ACCRINGTON: FG EXPANDS IN RETAIL

Michael Flacks has led a group of international investors

Mr Flacks, who is from Manchester and is now based in Monaco, said he has reached agreement to buy the Accrington Arndale Centre, which was put on the market last year by UBS Wealth Management. Property entrepreneur Michael Flacks has led a group of international investors who have bought an Irish fashion chain and today said he has agreed a deal to acquire a shopping complex in the north west. Mr Flacks, who is from Manchester and is now based in Monaco, said he has reached agreement to buy the Accrington Arndale Centre, which was put on the market last year by UBS Wealth Management His business, Flacks Group, has also completed a deal to buy A|wear, (correct), a chain of 32 stores in Ireland which was in receivership. The buyout saves 460 jobs across the Republic. Mr Flacks said: “I have been highly impressed by the strength of the A|wear brand, its excellent standing as a leading fashion retailer in this market and its potential for future growth. “My colleagues and I are here to develop and grow this business, not shrink it. A|wear has been operating in a challenging trading environment and needs investment and a new strategic direction.

 

see more: manchestereveningnews.co.uk

Mergermarket

PRIVATE EQUITY SPOTLIGHT

Flacks Group expands investment scope amid COVID-19 crisis

Pandemic opens up new distressed opportunities in consumer and retail Targeting listed companies' disposals with liquidity and reputational risks ...
Mergermarket

RENE LEZARD FG MOVES INTO FASHION

Flacks Group to put in repeat offer for insolvent Rene Lezard

In order to promote growth, Flacks intends to focus on Rene Lezard’s internationalisation and digitisation as well as brand extensions,...
The New York Times

FLACKS GROUP EVALUATING POSSIBLE DEAL TO BUY BRITAIN’S LAURA ASHLEY

Investment firm Flacks Group said on Monday it was in the preliminary stages of evaluating a possible deal to buy Laura Ashley Holdings Plc, valuing the British fashion retailer at £20 million.

Florida-based Flacks said any possible offer would be limited to 2.748 pence in cash for each Laura Ashley share. The retailer,...
Data settings information and management
By clicking on an item, another link on the website or Accept, you agree to the use of cookies and other technologies to process your personal data (e.g. IP address) to enhance and personalise your experience across eBay's portfolio of brands, including eBay or third-party advertising tailored to you, on and off our sites. Additionally, third-party companies, who we partner with, may store cookies on your device and use similar technologies to collect and use certain information for advertising personalisation, measurement and analytics.
privacy & policy accept