Womenswear brand Horrockses is set to return to the high street after being snapped up for a six-figure sum.
The brand, which was a favourite of the Queen and Princess Margaret, has been bought by Manchester-based private business Bluewell Ventures.
The previous owners, Dawson International Holdings, fell into administration last year and administrator KPMG instructed Glasgow intellectual property specialist Metis Partners to find an appropriate buyer.
Bluewell has said it will now embark on a “major roll out of the brand”.
A spokesman said: “The potential for Horrockses is truly international, with excellent prospects as a lifestyle brand across fashion and home. We are looking forward to regaining the consumer’s attention for this wonderful expression of British fashion style and flair.”
Nat Baldwin of Metis Partners said: “This brand was a foundation stone of Britain’s fashion and lifestyle heritage and it is most gratifying to know that it will be returning to high street and online stores around the world.”