High and Mighty sold to J.D. Williams via pre-pack
100 jobs, 14 outlets of menswear retailer saved by PwC administrators
Outsize menswear retailer High & Mighty has been placed into
administration and sold almost immediately to J.D. Williams and Company via a
pre-pack.
David Bennett and David Chubb of PricewaterhouseCoopers were appointed as
administrators on 10 September and brokered the deal with J.D Williams, part of
the N Brown Group, that will save around 100 jobs and 14 of the company’s UK
retail outlets.
“High and Mighty has a long history as a clothing retailer in the UK,” said
Bennett. “However, the Company has recently been experiencing difficult trading
conditions. As a result of this, the shareholders and directors have been
exploring options to try and rescue the business. This has necessitated the
Company seeking the protection of administration.”
“The Administrators are pleased to be able to announce that they have secured
the sale of a significant portion of the business of the Company to J.D.
Williams & Company Limited. This should provide stability for many
customers, suppliers and employees alike and means the High & Mighty brand
will continue to exist on the UK high street.”