Fashion wholesaler and retailer Rinku Group has acquired 45 Bay Trading stores, 85 Bay Trading concessions, together with Bay Trading’s stock and intellectual property. This will safeguard 566 jobs.

Deloitte partner Lee Manning commented: “We are pleased that we have been able to secure Bay Trading’s future. It will be predominately a concessions-based business, with a number of stores also continuing to operate.”

Prior to its collapse last month, after parent company Alexon was unable to secure credit insurance, Bay Trading operated out of a total of 268 units across the UK. The other Alexon brands remain unaffected.

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