Bay Trading administrator Deloitte has confirmed the sale of 45 stores to high street supplier Rinku Group, less than a third of the young fashion chain’s total store count.
Rinku Group has also acquired 85 Bay Trading concessions from Epcoscan, which traded as Bay Trading.
The deal will safeguard 566 jobs at Bay Trading. Deloitte joint administrator Lee Manning said: “We are pleased that we have been able to secure Bay Trading’s future. It will be predominately a concessions-based business, with a number of stores also continuing to operate.”