Home / Knowledge / News / Apparel/Garments / Irisa to shut 20 standalone outlets in UK
Irisa to shut 20 standalone outlets in UK
07
Dec '11
Sun European Partners, the new private equity owners of Fashion Group Irisa, has announced closure of 20 of Irisa's 68 standalone outlets in UK, most of which are of plus-size specialist Ann Harvey.

This will result in job cut of over 100 employees who have been informed of the same.

Majority of the job cuts and store closures are likely to happen before Christmas.

Irisa is the new version of Alexon fashion group which was acquired by Sun European Partners out of administration in the end part of September. In November, the private equity partners appointed retail consultants Capa to help them carry out the review of High Street outlets.

As revealed by an Irisa spokesperson, Sun European Partners was raising its investment in online space and intended to add 31 new concessions in its departmental outlets by early 2012, thus taking the total number of concessions to 1,090. Debenhams and House of Fraser are included in the list of new concessions.

The spokesperson further stated that in spite of its plan to shut several outlets through March 2012, Irisa is trying to hold back as many retail employees as possible, as opening of several new concessions would intersect with closure of these outlets.

Irisa presently operates brands like Dash, Lazy Lu, Alexon, Eastex, Minuet Petite and Kaliko. Most of these brands have faced adverse trading situations this year.

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search