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Footwear retailer Treds rescued from administration

UK footwear retailer Treds has been acquired by retail company New Gray Ltd. after falling into administration last month. Ross Connock and Zelf Hussain of PwC were appointed joint administrators of Treds on 29 January, placing 159 staff members at risk of losing their jobs. The acquisition by New Gray has secured these jobs, as well as all 21...

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