The brand name of troubled textiles retailer Rosebys has been sold to its Indian-based parent.
Parent company GHCL has bought the brand, and the shops will continue to trade under license while a buyer is sought.
Administrators sell Rosebys brand to parent company
Rosebys brand bought by parent company, as adminstrators continue to search for stores buyers
Accountancy Age, 29 Sep 2008
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Any purchasers will be able to licence the brand on terms to be agreed with the administrators.
As a result of the brand sale the companies affected will change their names from Rosebys to textile and Design. The new names are: Textile & Design Limited (formally Rosebys Operations Limited); Textile & Design (No.1) Limited (formally Rosebys Holdings Limited); Textile & Design (No.2) Limited (formally Rosebys (2004) Limited); and Textile & Design (No.3) (formally Rosebys).
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