BusinessBusiness RecoveryPwC saves 55 jobs at Intimas

PwC saves 55 jobs at Intimas

Lingerie retailer sells some of its high profile brands to Linwood Fabrics

Intimas the designer and supplier of womens underwear, nightwear and swimwear
has sold a section of the company to Linwood Fabrics.

PricewaterhouseCoopers administrators Stuart Maddison, Eddie Williams and Rob
Hunt took on the company earlier this year and have now arranged the sale of a
significant part of the business, including Charnos and Lepel brands, which will
save 55 jobs.

The administrators will continue to market the other sections of the business
for a possible sale. The company, based in Long Eaton, traded through various
high street retailers as well as having its own outlets around the country.

“We are assessing the options as a matter of urgency with respect to those
areas of the business which did not form part of this sale, and will continue to
liaise with the relevant customers, suppliers and employees as to the options
available to us and the timetable” said Maddison.

Further reading:

Intimas collapses – PwC trio called in

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