Struggling apparel retailer Alexon was placed
into administration yesterday and subsequently acquired by
private equity firm Sun Capital Partners. According to the
Guardian, the deal protects suppliers and
staff; debt-holders are also expected to see some of their money
back, but shareholders in the business “are not expected to
see a penny”.
Gift retailer Past Times, which is owned by EPIC
Private Equity, made a loss of £1.4 million on sales of
£47 million, writes the Independent.
The Financial Times has a story on retailers
cottoning on to the power of TV-we covered this in April.
Read our story here.
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