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Calvetron to axe Dash and Eastex brands

Calvetron Brands is closing its Dash and Eastex labels at the end of August, after it went into administration last month.

As a result of the decision, 13 redundancies have been made and 68 concessions will close.

Administrators Benjamin Wiles, Philip Duffy and Trevor Birch of Duff & Phelps said the closures would allow the business to focus on the core brands, Jacques Vert and Precis, with a reduced footprint of concessions and reduced overhead base.

On 4 May Calvetron Brands Ltd, owner of Jacques Vert, Precis, Dash and Eastex, appointed administrators for the second time in less than a year, putting 1,408 jobs at risk.

The business has around 300 concessions in total and employs 997 people in the UK, 155 in Ireland and 256 in Canada.

Duff & Phelps said the move would “ensure the viability of the restructured business in the long term and, therefore, increase the likelihood of investment in the business.”

Wiles said: “This has been a difficult decision and is no reflection on the hard work and efforts of all those who have played a part in the development of these brands over the years. The continued downturn in the UK retail market has been a significant factor in the availability of those who wish to invest in the UK clothing sector.

“However, by implementing a restructuring and refocusing of the business on the key brands we anticipate this will create a business that is viable in the long-term and a more attractive proposition for investment.”

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