Wedlake Bell assist in saving 550 jobs following an administration process of the East ladies retail brand
Like many retailers, East Limited (now in administration) experienced a difficult trading environment as a result of ongoing losses and a decline in sales across the winter and spring collections.
Wedlake Bell acted for the purchaser of certain business and assets of East which has resulted in the saving of 82 stores and concessions and 550 jobs. Regrettably, 19 stores and 4 concessions will close and 155 jobs lost as part of the administration process. The brand will however, now have a sustainable footing going forward. Colleagues from across the Business Recoveries, Corporate, Employment, IP & Commercial and Property teams worked closely with the client for an effective, speedy and successful transaction.
Please contact Ed Starling on 020 7395 3137 or firstname.lastname@example.org with any questions.