Greenwoods news and archive

Menswear retailer Greenwoods closes for good

New York – UK’s men’s fashion company Greenwoods closed for good after going into administration in September. Founded in Bradford in 1860, it grew to have stores across the UK selling suits, shirts and jackets. Greenwoods went into administration in September, being saved by Stockport-based Versatile International Trading in October, which kept...

Management |OVERVIEW

Fashion retailers who struggled to stay afloat in 2017

London - 2017 was not an easy year for most businesses - especially not for UK retailers. Economical and political uncertainty following the Brexit vote put even more pressure on consumer spending habits and retailers who were unable to execute a winning strategy found themselves in hot water. 42 major retailers went bust over the course of...

Report |UPDATE

UPDATE: Greenwoods purchased out of administration

London - Specialist menswear retailer Greenwoods has been bought out of administration by Versatile International Trading. The move sees 40 Greenwoods stores being saved, along with 181 jobs as well as the closure of 22 stores, resulting in the loss of 88 jobs. The sale includes Greenwoods' remaining 40 stores, together with its central...

Report

Menswear specialist Greenwoods enters into administration

London - Menswear and formal hire label Greenwoods has entered into administration. The Bradford-based retailer, which employs more than 300 people, has appointed Deloitte as its administrators, raising concerns for the future of the company. Adrian Berry and Clare Boardman from Deloitte have been appointed as joint administrators of the...