Blue Inc news and archive

Menswear chain Blue Inc. falls into administration

The British menswear chain has fallen into administration for the second time in two years after failing to find a buyer. There were reportedly two parties interested in acquiring some of the chain’s branches and one potential buyer who could acquire its brand, according to sources quoted by the ‘Sunday Times’. Blue Inc. received over 2 million...

Business|UPDATE

Bentley retains registered UK trademark against Bentley Motor

UK apparel brand Bentley continues its legal battle against Bentley Motors Ltd, who seeks out to cancel the former brand's registered trademark in the UK. Bentley Motors latest attempt to pull the plug on Bentley's registered trademarks for apparel has fallen through once more, as the Intellectual Property Office maintained Bentley's 1962...

Business|UPDATE

Blue Inc gets the greenlight for CVA

London - Blue Inc has just been handed a lifeline as its Company Voluntary Agreement (CVA) has been approved by over 80 percent of its creditors. The CVA will let the fashion retailer reduce its rents, cut its debts and shut it underperforming stores without entering administration or seeking out a new owner. Gary Paul Shankland and Kirstie Jane...

Business

Blue Inc appeals to creditors after filing for CVA

London - Struggling menswear retailer Blue Inc is said to have filed for a company voluntary arrangement (CVA), asking landlords and creditors to reduce its store rents and minimize its debut as part of a rescue deal. The CVA filed shows that Blue Inc aims to shut 33 of its 127 stores as part of its rescue plan, reported The Telegraph, as the...

Retail|UPDATE

Blue Inc to shut 74 stores

British menswear retailer Blue Inc is set to close a quarter of its stores today, as part of its restructuring plan. The high street retailer is set to close 74 of its worst performing UK stores, cutting 580 jobs according to Retail Week. The remaining 158 stores are set to remain open after the menswear retailer acquired the store leases back...

Business

Blue Inc calls administrators in for A.Levy & Sons and announces restructuring

Blue Inc, has filed a notice at the High Court to appoint Leonard Curtis as administrators to A.Levy & Son Limited, one of its subsidiaries. Additionally, the British retail group has announced its restructuring plans. The company has filed a notice at the High Court to appoint Leonard Curtis as administrators to A.Levy & Son Limited. Blue Inc....

Business

Blue Inc raises 4 million pounds to invest in ongoing expansion

Menswear fashion retailer Blue Inc has raised 4 million pounds in funding, which it aims to use to expand its market share online and push the growth of its international business as well as the wholesale development of its Twisted Soul brand. The retailer received backing from the Unicorn Venture Capital Trust, which raise the majority of the...

Design

Blue Inc calls off plans for 60 million pound float

Menswear fashion retailer Blue Inc has dropped plans for a stock market flotation,causing growing concern around the stability of London's stock market. Blue Inc previously appointed Cantor Fitzgerald as advisor ahead of an IPO, however a source familiar with the matter revealed that the fashion retailer had opted for a private share placement...

Fashion

Blue Inc's debut in London AIM: wait for oversubscription

Menswear fashion retailer Blue Inc will follow suit with a string of apparel retailer that have set their sights on the junior stock market in London. The company will list on the Alternative Investments Market (AIM) in mid- June. Market sources highlight that the much anticipated float will come amidstan oversubscription, as this is said to be...

Design

Blue Inc eyes IPO after chairman steps down

Men and women fashion chain Blue Inc is reportedly looking to join the latest fashion amongst British retailers and float on the London Stock Exchange. As broke by ‘The Telegraph’, Blue Inc would join the likes of Boohoo.com or Asos any time soon and launch an initial public offering (IPO) on the London bourse. The journal also reported the exit...

Fashion

British fashion moguls eager to buy Republic

Barely a week after jeans brand Republic collapsed two of the big names in the British retail have emerged as keen bidders to acquire part of the ailing fashion chain´s business. According to ‘This is Money’, Mike Ashley, majority owner of Sports Direct, and Blue Inc, whose chairman is former Marks & Spencer boss Sir Stuart Rose, are both...

Design

Sir Stuart Rose becomes Blue Inc chairman

Former Marks & Spencer boss Sir Stuart Rose has returned to the UK high street by joining fashion retailer Blue Inc as chairman. The chairmanship is Rose’s first major corporate role since leaving the UK retail sector 18 months ago, when he stepped down as chairman and chief executive of M&S after six years. Since retiring from M&S, Rose has...