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    UK Morgan stores saved

    UK Morgan stores saved

    KPMG partners sell struggling UK fashion business, Morgan

    Author Writer Date published July 5, 2006 Categories

    The struggling UK division of fashion brand Morgan has been sold by KPMG
    partners David Crawshaw and Myles Halley.

    The sale includes ten UK stand-alone stores and 47 concession outlets, with
    450 staff re-employed, to Morgan DT Distribution, part of Morgan International
    Participations.

    MIP chairman and CEO Dominique Damon said the deal was part of its strategy
    to ‘directly control’ the brand’s major distributors.

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