UK Morgan stores saved

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

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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