Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Savills appointed to sell Bank stores

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.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.