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Allegra Hicks rescued

Allegra Hicks has been bought out of administration by a newly formed company called AH Lifestyle.

It is unclear who the directors of the new company are but it is believed to be owned by a private investor.

Allegra Hicks went into administration last week, blaming its demise on the credit crunch.

Allegra Hicks is stocked in upmarket department stores including Harvey Nichols and Harrods.

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