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Avoca family buys back wholesale business

Ivan Pratt, a member of the family that owned Irish retailer Avoca, has bought the wholesale business back from US catering group Aramark.

Avoca credit Steven Tan

Avoca

Avoca was sold for €60m (£42m) to Aramark in November.

Pratt, head of Sales at Avoca, set up a new company called Mill Mount Weavers to acquire the wholesale arm of Avoca, Avoca Handweavers Designs, according to The Sunday Times.

The business produces clothing, accessories and homeware and Pratt is expected to expand the number of doors it’s in.

As previously reported by Drapers, Avoca is to expand into the UK and the US for the first time following its sale.

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