Vote on Fosters

FOSTERS Trading Company, with 40 menswear shops and 600 staff, is to be handed back to the directors after four months in the hands of BDO Stoy Hayward administrators. A vote by the company's creditors has sanctioned the handover.

Turnover at the stores in the four months of administration was nearly pounds 30m, compared with pounds 95m for the 173 stores running in 1997. Once the handover is complete there will be over pounds 5m available for distribution to creditors.