THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Omnichannel Futures Conference 2020
Online Conversion Summit 2020
Future of Retail Marketing 2020
The HR Summit 2020
AI in Retail Conference 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Khaadi Fashion rescued in pre-pack deal

Asian clothing retailer Khaadi Fashion has been acquired as part of a pre-pack administration deal by Weaves UK Trading. Founded in 2013, the retailer previously operated… View Article

FASHION

Khaadi Fashion rescued in pre-pack deal

Asian clothing retailer Khaadi Fashion has been acquired as part of a pre-pack administration deal by Weaves UK Trading.

Founded in 2013, the retailer previously operated ten stores across the UK in shopping centres such as Westfield Stratford, Westfield Shepherds Bush, Brent Cross, Bull Ring Birmingham, Trafford Centre Manchester and Trinity Leeds.

Six outlets will continue trading after the sale was agreed by administrators Keith Marshall and Gareth Harris of RSM. Khaadi employed just under 100 staff just prior to administration and the sale has secured the majority of those jobs.

A multi-disciplinary legal team from Weightmans advised on the pre-pack administration sale.

James Moore of Weightmans said: ‚ÄúSadly failures on the high street remain common as the retail sector faces massive structural changes but we are glad that Khaadi has survived. This was a complex transaction that demanded expertise from across our specialist practice areas, safeguarding the majority of roles at Khaadi and leaving a more streamlined and sustainable business.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Online Conversion Summit 2020
Online Conversion Summit 2020
April 30 2020
The Hallam Conference Centre, London W1W 6JJ
The Retail Bulletin Online Conversion Summit 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, 44 Hallam St, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2020
AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY