N. Brown Group buys High and Mighty
Administrators from PricewaterhouseCoopers LLP have been successful in securing the sale of part of the business of High & Mighty Limited.The sale, to J.D. Williams & Company Limited (part of N Brown Group plc), involved a pre-packaged administration and will see the transfer of around 100 jobs and 14 of the 22 retail outlets in the UK.
David Bennett, administrator and director at PricewaterhouseCoopers LLP said: "High and Mighty has a long history as a clothing retailer in the UK. However, the Company has recently been experiencing difficult trading conditions. As a result of this, the shareholders and directors have been exploring options to try and rescue the business. This has necessitated the Company seeking the protection of administration.”
"The Administrators are pleased to be able to announce that they have secured the sale of a significant portion of the business of the Company to J.D. Williams & Company Limited. This should provide stability for many customers, suppliers and employees alike and means the High & Mighty brand will continue to exist on the UK high street.”
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