Irisa axes 100 jobs and closes high street shops
More than 100 jobs have been axed at the fashion group Irisa after its new private equity owners revealed plans to close nearly a third of its High Street shops.
Sun European Partners has informed staff that it will shut 20 of Irisa's 68 standalone shops, of which many are the plus-size specialist Ann Harvey.
Many of the job losses and store closures are expected to take place before Christmas Day.
The private equity firm acquired the listed fashion group Alexon out of administration in late September and then rebranded it Irisa. It hired retail consultants Capa last month to help review the High Street stores. An Irisa spokesman said that Sun European Partners was increasing investment in its online operation and planned to add 31 new concessions in department stores, including Debenhams and House of Fraser, early next year, taking its total to 1,090.
The spokesman added: "Whilst it plans to close a number of stores between now and March 2012, it is retaining as many retail colleagues as possible, as a number of the concesssions will provide cross-over with its closing stores."
Irisa also presently operates the Alexon, Dash, Eastex, Kaliko, Lazy Lu and Minuet Petite brands.
Many of these brands operated by Irisa appear to have suffered from some poor trading conditions this year.
- 1 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 2 David Cameron refers to 83-year-old Labour MP Dennis Skinner as 'Jurassic Park'
- 3 Alton Towers Air breaks down: 80 people stuck on broken down Monorail during heatwave
- 4 German ethics council calls for incest between siblings to be legalised by Government
- 5 Alwaleed bin Talal: Saudi Prince to donate entire $32bn fortune to charity
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
German ethics council calls for incest between siblings to be legalised by Government
Alwaleed bin Talal: Saudi Prince to donate entire $32bn fortune to charity
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...