A-WEAR FG MOVES INTO RETAIL

irish examiner logo 390x285px 1 1 - A-WEAR FG MOVES INTO RETAIL

460 jobs saved as A-Wear bought …

The former Brown Thomas-owned company — which operates 32 stores in the Republic — went into receivership on Wednesday evening, with Jim Luby of McStay Luby being appointed receiver, by the firm’s most recent owners, British investment firm, Hilco. However yesterday Mr Luby reached agreement to sell the A-Wear business to a group of international investors, led by British businessman Michael Flacks of the Flacks Group, which specialises in the purchase of distressed assets. All A-Wear stores will remain open for business and will continue to trade as normal; with the company’s suppliers — most of whom are based in the Far East — set to be contacted over the coming days. In a statement, Michael Flacks said he had been “highly impressed” by the strength of the A-Wear brand. The chain’s shops will remain open as normal while the takeover led by a British businessman is finalised. In a statement, the company said the move would protect the jobs of 460 full and part-time staff in 32 stores.

see more: irishexaminer.com

Evening Times

WHAT EVERYONE WANTS MF SAVING JOBS

Tycoon in multi million bid for debt-hit store

Monaco-based Michael Flacks used to supply clothing to the 130 stores and now says he hopes to take “the opportunity...
Allgemeine Zeitung

FRANKFURT HAHN BIDS – UP TO €100M

SECHS WOLLEN HAHN KAUFEN

Das teilten am Mittwoch Minister Roger Lewentz (SPD) und der Düsseldorfer Wirtschaftsprüfer Martin Jonas in Mainz mit. Sämtliche Bieter hätten...
Financial Times

BELFAST SHIPYARD SET TO FILE FOR INSOLVENCY

Workers occupy historic site as Harland and Wolff falls into administration

Harland & Wolff Holdings PLC Harland and Wolff, the Belfast shipyard that built the Titanic, is expected to file for insolvency...
Retail Detail

New potential buyer for Hema

Investors seem to be very interested in department store chain Hema: American investment fund Flacks Group is presenting itself as a potential...
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