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.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children