Receivers for struggling women’s clothing chain Identity have announced they are unable to find a buyer for the business, so it will have to shut down. They said the closure reflected the current difficult trading conditions in the retail clothing industry, as shown by the
After more than six months of trouble and uncertainty, a mystery buyer has scooped up womenswear chain Shanton Fashions. Liquidator Gareth Hoole declined to reveal the identity of the buyer, but confirmed that they were based in New Zealand. He told The Register that there
The executive chairman of property, design and research specialist agency RCG, Paul Keane, explores what retailers can learn from the Greek economic crisis.
Women’s fashion retailer Shanton was put in voluntary administration in January, owing $7.8 million to 206 creditors. The company has now returned to the hands of its owners despite BWA Insolvency administrator Bryan William’s calls for liquidation.