Aligro UK Ltd has bought Henri Lloyd out of administration for an undisclosed consideration. Aligro will take five stores and the stock assets which will secure 44 jobs. However a further 128 staff have been made redundant.
Henri Lloyd Ltd achieved sales of £17.7 million for the year to April 1st 2017 but cited challenging trading conditions as it appointed RSM Restructuring Advisory to handle its administration process last week.
Chris Ratten of RSM said: “This sale represents the best outcome for creditors, it maintains Henri Lloyd’s presence in key locations and secures 44 jobs. Selling the whole business as a going concern was not a viable option and regrettably a number of staff have been made redundant as a result.”
The continuing stores are located in Cheshire Oaks, Cowes, Dartmouth, Lymington and Salcombe.
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