Premium menswear mini-chain Aspecto has been fully taken over by JD Sports, which will close its head office next week with the loss of all staff based there, Drapers understands.
Aspecto was acquired by Tessuti buying director Michael Ashcroft and his brother-in-law, Tessuti founder and minority shareholder David Light, in August last year.
The Aspecto website has now closed and is redirecting to Tessuti’s website, with a discount offer. All current store locations remain unchanged but Drapers was unable to contact any of the five stores this morning.
A spokeswoman from JD Sports Fashion said: ”We can confirm that we own Aspecto. As a result, a consultation process is currently under way for a very limited number of employees. However, this process is ongoing and we are working to find roles across the group for as many of those affected as possible.”
JD Sports bought a 40% stake of Tessuti in 2011.
The Aspecto deal followed the death of Aspecto founder and managing director Mel Pilkington on 21 May 2015 after a long fight with cancer.