BusinessBusiness RecoveryHigh and Mighty sold to J.D. Williams via pre-pack

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.”

Related Articles

PwC must face MF Global lawsuit over accounting advice

Accounting Firms PwC must face MF Global lawsuit over accounting advice

1y Richard Crump, Writer
CVR Global sells DMG Steelworkers out of administration in pre-pack deal

Accounting Firms CVR Global sells DMG Steelworkers out of administration in pre-pack deal

1y Richard Crump, Writer
PwC’s business recovery services team appoints four new partners

Accounting Firms PwC’s business recovery services team appoints four new partners

1y Richard Crump, Writer
MPs call on FRC to widen BHS audit probe into PwC

Accounting Firms MPs call on FRC to widen BHS audit probe into PwC

1y Richard Crump, Writer
Unpacking the Pre-Pack Pool

Business Recovery Unpacking the Pre-Pack Pool

1y Chris Warmoll, Writer
FRC investigation launched into PwC's BHS audit

Audit FRC investigation launched into PwC's BHS audit

1y Kevin Reed, Writer
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
Take part in our 'Seven days in Accountancy' quiz

Accounting Firms Take part in our 'Seven days in Accountancy' quiz

2y Fraser Simpson, Reporter