LONDON The breakup of Arcadia has begun with administrators Deloitte selling off the first brand from the bankrupt clothing group, Evans.
The plus-size brand, its ecommerce and wholesale businesses, have been sold for 23 million pounds to City Chic Collective Ltd., an omnichannel retailer that specializes in apparel, footwear, and lingerie in a wide range of sizes, plus accessories.
City Chic is listed on the Australian Stock Exchange and operates primarily as an online retailer in Australia, New Zealand and the U.S. It also has a store network in New Zealand and wholesale partnerships in the U.S., the U.K. and Europe.
In the U.S., it is the owner of the online intimates brand Hips & Curves.
Deloitte said Monday that City Chic would a…
Read the full article at: https://wwd.com/business-news/financial/australian-retailer-scoops-up-arcadias-plus-size-brand-evans-1234683954/