Grant Thornton sells Marchpole subsidiary
Marchpole subsidiary sale achieves £3m return for creditors
A subsidiary of insolvent luxury brand management business Marchpole Group
has been sold.
JCC, the brand and producer of clothes and accessories in partnership with
designer Jean-Charles de Castelbajac, has been sold to Atlas Design Group for
£3.15m.
Administrative receivers from Grant Thornton, who achieved the sale, were
pleased with the deal.
‘The sale of the shares allows the business to move forward under new
ownership, while realising value for Marchpole’s creditors,’ said Grant
Thornton’s Martin Ellis.
Further reading:
Marchpole out of fashion as
administrators called in