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Timeline: A history of A-Wear

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.

October 2008 – A-Wear boss Annmarie Flood brought the business to the UK, starting with opening stores in Leicester and Bristol.

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.

 

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