News: Rotherham retail industry
More than 2,500 jobs have been saved at Merseyside-based clothing store Ethel Austin after it was bought by the former boss of clothing chain MK One. Elaine McPherson pledged to return Ethel Austin to its "former glory" after snapping up the group for an undisclosed sum. More than 450 jobs have been axed and 33 stores closed by administrators Menzies Corporate Restructuring, but the new deal sees the remaining staff and portfolio of about 260 stores transfer over to Ms McPherson. The Rotherham store in All Saints' Square has remained trading throughout. The Star reports that the Meadowhall branch of Rotherham based butchers, Crawshaws is set to close. The shop has operated since the centre opened in 1990, and the firm hopes to accommodate its eight staff at stores opening elsewhere in South Yorkshire. Colin Crawshaw, director, told The Star: "We have been doing well at Meadowhall but our lease runs out at the beginning of July and they haven't offered us a new one. We are not going to be making redundancies." The company, which has 14 stores in Rotherham, Barnsley, Doncaster, hopes to open a replacement branch somewhere in Sheffield. The Retail & Regeneration conference is being held in Sheffield on June 30.
Rotherham
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Property Week reports that MK One, the lossmaking fashion chain that was disposed of by Baugur less than three weeks ago, has gone into administration.
Property Week reports today that
Mark Brafman, the retail entrepreneur who founded the MK One chain in 1985, has bought around 100 of the discount retailer’s stores out of administration following the company’s collapse last week.
Not sure if this includes the Rotherham store
The Business Desk reports that: "Included in the sale are stores in Hull, Huddersfield, Rotherham, Doncaster, Scarborough and Barnsley, which employ a total of 85 staff."
http://www.thebusinessdesk.com/news/3254-mk-one-stores-bought-by-founder.html?news_section=5
The Star -
MK One stores in Barnsley, Doncaster and Rotherham are among around 100 stores sold by administrators Deloitte to Jet Star Retail a company connected to Mark Brafman, who, in 1985, was MK One's original founder.
The value of the sale has not been disclosed.
http://www.thestar.co.uk/business/Stores-are-sold-on.4195622.jp
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