Mr Day could not care less, the writing is on the wall. Save my name, email, and website in this browser for the next time I comment. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
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Sister company Bonmarche has also secured a life line. The move could save some jobs and more than stores, although administrators say that more than stores will close and around staff will be made redundant — in addition to the jobs lost when the company collapsed.
Administrators at FRP said Purepay Retail, a secured creditor to the business, has now acquired all the remaining stock as well as its head office site in Carlisle.
A consortium of international investors has acquired Purepay and is injecting capital into the business. Former owner, Philip Day is not part of the group. Sister company Bonmarche has also been bought out of administration by Pureplay. The remaining stores are currently closed in line with Government legislation and the Administrators are reviewing all options for these sites prior to the lifting of the Government lockdown.
The staff at these stores are currently furloughed. Against a challenging retail environment, we are now focused on protecting the remaining estate and the associated employees. In line with this, we have bought the Jaeger brand and are in the final stages of agreeing the purchase of product and supporting marketing assets from the administrators of Jaeger Retail Limited. We expect to fully complete later this month. Login or Register. New to InternetRetailing? Subscribe to Newsletter.
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