Calvetron Brands’ restructuring plan, which has already claimed the closure of its Dash and Eastex clothing labels, will also see 102 Jacques Vert and Precis concessions axed across the UK and the Republic of Ireland.
In what has become a familiar scenario in the UK, Jacques Vert will be the latest fashion name set to go under with the womenswear group preparing to call in administrators less than 12 months after it was last rescued.
Fashion entrepreneur and ex-BFC chairman Harold Tillman is calling for a US Chapter 11-style bankruptcy protection system to give struggling companies the breathing space to turn their operations around.
Out with the old, in with the new. Peter Ridler has moved from his role at White Stuff and has taken over at Calvetron, the firm that owns Dash, Jacques Vert, Precis and Windsmoor after CEO Shaun Wills stepped down.
News last week that Gerry Weber Group executive Norbert Steinke was stepping down from the management board has been followed up with an announcement that he is also quitting as Hallhuber managing director.
Over 1,700 jobs appear to have been saved at Style Group after a group of investors including Harold Tillman mounted a successful rescue bid for the troubled womenswear firm and hinted at a possible move into menswear.
Retail veteran Harold Tillman may have been frustrated in his attempt to win back the Jaeger brand he once owned, but reports suggest that he could lead a group of investors working on a rescue deal for Style Group.
Style Group Brands is urgently seeking backers as its risks an administration filing. The company, formed from the merger of Jacques Vert and Irisa, owns classic womenswear brands including Dash, Eastex and Precis.