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Jigsaw owner plans to shed Kew 159 retail stores
05 Apr '12
2 min read
Robinson Webster (Holdings) Limited, the Group that operates Jigsaw and Kew 159 retail stores across the UK, is planning to either close or sell its Kew 159 womenswear stores in order to focus more on its Jigsaw business.
Kew 159 currently has 16 standalone stores, 22 concessions and an online division. The decision to either sell or close these stores was taken by Robinson Webster after a strategic review of the loss-making stores.
If no buyer is found for Kew 159 stores, some of those stores may be converted to a combination of Jigsaw, Jigsaw Menswear and third-party stores, the company said.
The company will undertake a consultation process with its employees, shareholders and others to evaluate the prospect of selling Kew as an ongoing concern.
Robinson Webster said some redundancies will be inevitable, but hoped that its staff would be able to find roles in other divisions of the group.
Kew 159 will continue to offer the existing stock of spring'12 and autumn'12, however, it will not produce a spring'13 line.
Originally founded as Kew in 2003, the company re-launched the brand as Kew 159 in August 2011. The addition of '159' to the company name was in recognition of its head office address.
Jigsaw, which recently re-launched its Jigsaw Menswear line, has 55 stand-alone stores across the UK.
Kew 159 currently has 16 standalone stores, 22 concessions and an online division. The decision to either sell or close these stores was taken by Robinson Webster after a strategic review of the loss-making stores.
If no buyer is found for Kew 159 stores, some of those stores may be converted to a combination of Jigsaw, Jigsaw Menswear and third-party stores, the company said.
The company will undertake a consultation process with its employees, shareholders and others to evaluate the prospect of selling Kew as an ongoing concern.
Robinson Webster said some redundancies will be inevitable, but hoped that its staff would be able to find roles in other divisions of the group.
Kew 159 will continue to offer the existing stock of spring'12 and autumn'12, however, it will not produce a spring'13 line.
Originally founded as Kew in 2003, the company re-launched the brand as Kew 159 in August 2011. The addition of '159' to the company name was in recognition of its head office address.
Jigsaw, which recently re-launched its Jigsaw Menswear line, has 55 stand-alone stores across the UK.
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