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

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