×
90
Fashion Jobs
RITUALS
Wholesale Account Manager - Ireland - Full Time
Permanent · Dublin 2
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Galway - 18.5 Hours - Part-Time - Permanent
Permanent · Galway
ESTÉE LAUDER
la Mer - Business Manager - Brown Thomas, Dublin - 37.5 Hours / 5 Days - Full-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
SHISEIDO
Nars Account Manager - bt2 Dundrum
Permanent · Dublin 16
SHISEIDO
Bareminerals Account Manager - Boots, Belfast
Permanent · New York
SHISEIDO
Bareminerals Dual Site Account Manager - Arnotts, Dublin
Permanent · Dublin 13
CLAUDIE PIERLOT IRLANDE
Store Manager - 37.5h - Permanent - Kildare m/f H/F
Permanent · PARIS
LEVI'S
p/t Sales Stylist
Permanent · Kildare
SHISEIDO
Nars Makeup Artist - Brown Thomas Limerick (37.5 Hours, 6 Month Fixed Term Contract)
Fixed-term · Limerick
SHISEIDO
Nars Makeup Artist - Brown Thomas Cork (7.5 Hours)
Permanent · Cork
LEVI'S
Sales Stylist p/t Flexible
Permanent · Kildare
ESTÉE LAUDER
jo Malone London - Stylist - bt2, Blanchardstown - 11 Hours - Part Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
jo Malone London - Stylist - Brown Thomas, Galway - 37.5 Hours - Full Time, Permanent
Permanent · Galway
ESTÉE LAUDER
jo Malone London - Stylist - Brown Thomas, Galway - 18 Hours - Part Time, Permanent
Permanent · Galway
RITUALS
Counter Manager - Brown Thomas Limerick (37.5)
Permanent · Limerick
ESTÉE LAUDER
Origins - Guide - Arnotts, Dublin - 30 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
la Mer - Expert - bt, Dundrum - 22.5 Hours - Part Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
la Mer - Assistant Manager - Brown Thomas, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Aveda - Advisor - Brown Thomas, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Origins - Guide - Arnotts, Dublin - 22.5 Hours - Part Time, Permanent
Permanent · Dublin
LEVI'S
Senior Sales Assistant/Keyholder
Permanent · Kildare
Published
Dec 12, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Troubled Blue Inc’s key suppliers target takeover before year-end

Published
Dec 12, 2016

Struggling men’s, women’s and kidswear retailer Blue Inc could be taken over by Padma Textiles, one of its biggest suppliers, and another supplier, MAF Clothing, in a debt-for-equity swap. It would leave existing shareholders with just 25% of the company’s shares.

Blue Inc has struggled for some time and took out a £6m loan


The owner of the Blue Inc and  Officers Club chains has had a tough year having put one subsidiary into administration, closed stores and cut 500 jobs 11 months ago.   

Padma Textiles is the Bangladesh based firm that, along with MAF Clothing, had earlier loaned the business £6m. They now want to convert £4m of that into equity that would see them holding a 75% stake.

Padmas’s bosses Miraj Khan and Yechezkel Yechiel became co-CEOs of Blue Inc as part of the funding deal.

The two have contacted shareholders and The Sunday times reported that a deal could be struck in the next couple of weeks with a meeting due on December 23.

The company’s minority shareholders include prominent Rich List regulars David and Simon Reuben. Simon is Yechiel’s father-in-law. Sir Stuart Rose, the former Arcadia and M&S head, is also a minority shareholder.

Blue Inc focuses on the value end of the market and was previously known as Mr Byrite.

Copyright © 2022 FashionNetwork.com All rights reserved.