Administrators sell Rosebys brand to parent company

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.

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).

Further reading:

Rosebys appoint adminstrators from Leeds

Deloitte issues 'going concern' warning about JJB interims