ACCRINGTON: FG EXPANDS IN RETAIL

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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

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