Bank Fashion Enters Bankruptcy Management

Bank Fashion, a popular fashion retailer in the UK, has entered bankruptcy management. 1555 employees are facing the possibility of unemployment. Just 6 weeks ago, Bank Fashion was bought by the subsidiary of the US investment group Hilco.

Bank Fashion has 84 stores, mainly in the central and northern part of England, and Scotland. As the famous high street brand youth market in the UK, it claims that 3 out of every 5 Britons are its customers, but it still comes to the fierce market competition and the rise of the electricity supplier. High street brand 。

Although many agencies have approached Bank Fashion to negotiate acquisitions and may retain some jobs, 1555 employees are still at risk of unemployment.

Assigned Bankruptcy management People DDT accounting firm disclosed that Bank Fashion has been in deficit for many years, and the loss in the last fiscal year has reached 8 million 100 thousand pounds (about about 76000000 yuan). Its shareholder, the famous British sports fashion brand JD Sports, has only charged 1 pounds of the subsidiary company of Hilco under the burden of unloading. In November 2014, it sold the control of Bank Fashion.

　　 Hilco As an investment group specializing in the acquisition and reorganization of retail enterprises with financial difficulties, after reviewing the operation of Bank Fashion, it was confirmed that the restructuring of the company was almost impossible.

At present, all the stores of Bank are still operating normally, and the salaries of their employees are also paid normally. However, reporters saw that their official website had already played a "three fold" discount advertisement.

DDT said that many institutions have expressed the intention to buy, as bankruptcy managers, they are still looking for more interested takeover agencies to ensure that part of Bank Fashion or even business continues.

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