Bank’s store portfolio is to be sold by Savills after administrators appointed the property firm today, following the young fashion retailer’s demise earlier this week.
Bury-headquartered Bank appointed William Dawson, Daniel Smith and Paul Meadows of Deloitte as joint administrators on Tuesday (January 6). Bank operates 84 stores across the UK.
Sam Foyle, director of retail at Savills said: “This portfolio includes stores in a number of strong retail locations and we are working with the joint administrators to explore the best options for the business. We have already been approached by a number of parties with expressions of interest.”
As reported by Drapers earlier this week, Little Mistress Group was one of the first to register its interest in Bank’s stores after it entered administration.
Chief executive Mark Ashton said he would be “very interested” in a mix of stores from the Bank store portfolio in around 25 city centre and town locations. Liverpool, Manchester, Glasgow and Sheffield are among the main targets.