Deloitte sells Stylo to management, but 2,500 jobs lost
Deloitte has sold 160 stores and 165 concession outlets of Stylo, the collapsed shoe retailer, back to the management. The sale will safeguards the futures of 3,000 staff, but 2,500 employees will lose their jobs. Related Posts295 jobs lost as 15 zavvi stores closeRedundancy Watch: BDO …
Joint Administrator Neville Kahn said: ‘Given the difficult trading environment, we are pleased to have achieved a deal which will save 160 Stylo stores and 165 concession outlets across the UK and Ireland, thereby safeguarding 3,000 jobs.
Deloitte has sold 160 stores and 165 concession outlets of Stylo, the collapsed shoe retailer, back to the management.
The sale will safeguards the futures of 3,000 staff, but 2,500 employees will lose their jobs.
Joint Administrator Neville Kahn said: ‘Given the difficult trading environment, we are pleased to have achieved a deal which will save 160 Stylo stores and 165 concession outlets across the UK and Ireland, thereby safeguarding 3,000 jobs.
