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MCR secures future of some of best ladies wear brands
01 Jun '11
2 min read
John Whitfield and Philip Duffy, Partners at MCR, and Joint Administrative Receivers of CDU Plc, have secured the future of some of the best-known brands in women's clothing, following a successful trade sale to Roman Originals.
The premium occasion-wear brands Frank Usher, Coterie, Michel Ambers and Dusk were sold to Roman Originals on 28 April 2011.
Roman Originals was established in 1957 and is a family owned business originally in manufacturing, based in Birmingham. The company has retained its heritage and passion for ladies wear, and has grown and developed its retail interests. Today the company designs and manufactures its own range of ladies clothing and accessories, which it now retails in over 180 outlets, across the United Kingdom.
John Whitfield, Partner at MCR, stated: "This is a real success for MCR as it has secured the future of some of the best known names in the retail ladies wear market. These are well-established brands with a dedicated and loyal customer base so the key driver for us was to protect the brands and in doing so maximise the return to creditors of CDU Plc from their sale.
"Roman Originals has a long heritage in the womenswear market, with an extensive range of products covering everything from work wear, holiday clothing, evening wear and casual day wear and all sold through a network of over 180 retail outlets. For MCR this was the natural home for the former CDU Plc brands," he added.
Rick Christo from Roman Originals, stated: "We have always prided ourselves on listening to our customers and we are famous for being able to respond quickly to changing fashions. We have a loyal customer base who turn to us through our retail network and our online service, for high quality, cost effective clothes for a whole range of uses. We have been looking to add to our portfolio and this deal brings us some of the best known brands in the market."
The premium occasion-wear brands Frank Usher, Coterie, Michel Ambers and Dusk were sold to Roman Originals on 28 April 2011.
Roman Originals was established in 1957 and is a family owned business originally in manufacturing, based in Birmingham. The company has retained its heritage and passion for ladies wear, and has grown and developed its retail interests. Today the company designs and manufactures its own range of ladies clothing and accessories, which it now retails in over 180 outlets, across the United Kingdom.
John Whitfield, Partner at MCR, stated: "This is a real success for MCR as it has secured the future of some of the best known names in the retail ladies wear market. These are well-established brands with a dedicated and loyal customer base so the key driver for us was to protect the brands and in doing so maximise the return to creditors of CDU Plc from their sale.
"Roman Originals has a long heritage in the womenswear market, with an extensive range of products covering everything from work wear, holiday clothing, evening wear and casual day wear and all sold through a network of over 180 retail outlets. For MCR this was the natural home for the former CDU Plc brands," he added.
Rick Christo from Roman Originals, stated: "We have always prided ourselves on listening to our customers and we are famous for being able to respond quickly to changing fashions. We have a loyal customer base who turn to us through our retail network and our online service, for high quality, cost effective clothes for a whole range of uses. We have been looking to add to our portfolio and this deal brings us some of the best known brands in the market."
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