Following the news last week that Irish fashion chain A-Wear had gone into receivership Drapers takes a look back at the retailer’s history.
1966 – The first store was opened in Limerick as Gay Wear.
1973- Galen Weston’s retail empire invested in the company and the store expanded nationwide.
1985 – The company was rebranded as A-Wear.
May 2007- The Alchemy partners purchased the retailer from the Brown Thomas Group for €70m.
January 2011 – A-Wear reported losses of £5.2m in 2009 compared to pre-tax profits of £21.6mn the previous year.
October 2011- Following Alchemy Partners falling into receivership, restructuring specialist Hilco Capital Ireland bought A-Wear out of its debt for an undisclosed price.
February 2012 – Hilco placed the chain into receivership. It was then purchased by investment group Jesta shortly after.
January 2013 – A-Wear teamed up with House of Fraser and opened a series of concessions in a bid to increase its UK profile.
October 2013- The retailer suffered decreasing footfall which led to its examinership.
November 2013 – Examiner Ken Fennel of Kavanagh Fennel placed the company into receivership.