Sixty Group, the parent company of young fashion brands Miss Sixty, Killah and Energie has been bought by investment company Crescent HydePark.
In correspondence seen by Drapers Sixty Group said: “The operation is aimed at supporting and assisting the company’s management in the relaunch and further international development of the group.”Crescent HydePark is a pan-Asian investment company with offices in Singapore and Shanghai.
No one from Sixty Group was available for comment.
The fashion group has been suffering in the economic downturn with sales falling over the last couple of years. Sales in 2011 fell to €300m (£239m) from €500m (£399m) in 2009. In 2010 Sixty UK, the UK distribution arm of the company, filed for liquidation after the High Court rejected its Company Voluntary Arrangement.
Last year Miss Sixty and Energie revamped their UK flagship store on Carnaby Street as it moved to clearly define areas for the two brands.