Home / Knowledge / News / Apparel/Garments / Firetrap stores to shut, 51 employees to lose job
Firetrap stores to shut, 51 employees to lose job
19
Mar '12
UK denim brand Firetrap would be closing down its six retail stores making 51 employees working there redundant.

World Design and Trade, the operating company of fashion brands FullCircle and Firetrap, was in administration for some time.

Administrators Ernst & Young were successful in securing a deal with Sports Direct, which acquired Firetrap's wholesale business, brands and concession stores, thus securing over 170 jobs.

However, the six retail stores owned by Firetrap were not bought by Sports Direct and hence, they need to be closed, the administrators said.

Two companies – JD Sports and Sports Direct – were in the race to buy Firetrap. This was the second time that the two sportswear firms vied to acquire the same company. Earlier, they had competed to buy Blacks, which was finally bought by JD Sports.

In UK, Firetrap became the latest of apparel brands falling into administration after the collapse of Peacocks in January this year. A majority stake in Peacocks was recently acquired by The Edinburgh Woollen Mill.

Sports Direct will add Firetrap to its brand portfolio. The sportswear brand had acquired premium chain Cruise and apparel retailer USC last year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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