UK Morgan stores saved

UK Morgan stores saved

KPMG partners sell struggling UK fashion business, Morgan

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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