BusinessBusiness RecoveryPwC administrators sell Alexandra plc

PwC administrators sell Alexandra plc

PwC administrators sell Alexandra and Prima Corporate Wear as a going concern, saving more than 400 jobs

PwC administrators have sold clothing retailer Alexandra and Prima Corporate
Wear to European clothing supplier Dimensions for an undisclosed sum.

Administrators Rob Lewis, Rob Hunt and Derek Howell, were appointed on 12
July to Alexandra and 14 July to Prima Corporate Wear.

Dimensons, one of Europe’s largest corporate clothing suppliers, bought the
business and certain assets as part of the sale. The deal will save an estimated
446 jobs in Thornbury, Bristol, Swindon, Langley, London and Uddingston, PwC
said.

There were 49 resignations and redundancies at both businesses from the date
of administration to the date of the sale.

Joint administrator Rob Lewis said the PwC team was “delighted” to secure the
sale and the preservation of so many jobs.

“The support of these stakeholders has been crucial over the last few weeks
and without their continued support the rescue of the business would not have
been possible,” Lewis said.

Further reading:

Alexandra
plc collapses- PwC called in

Scotland’s
biggest airline calls in PwC administrators

PwC’s
Lehman’s team dealt creditor blow by appeal courts

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
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
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
New consortium enters fray to buy BHS empire

Accounting Firms New consortium enters fray to buy BHS empire

2y Chris Warmoll, Writer
PwC questioned over BHS ‘going concern’ audit

Accounting Firms PwC questioned over BHS ‘going concern’ audit

2y Chris Warmoll, Writer