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Monday, 2nd November 2009 Change Date Latest Issue

Fashion store hits difficulties

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Published Date: 16 May 2009
FASHION retailer Cruise has gone into administration with debts of £15 million.
The designer clothes company has stores on George Street and Castle Street, as well as outlets around the country.

It is understood that the business will immediately be acquired by a team led by the existing management and will continue to trade under the same name.

Three stores have already been closed and the future of the other stores is under review.

Cruise was established in Edinburgh in 1981 and is now based in Glasgow.





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  • Last Updated: 16 May 2009 10:55 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Scotland's economy
 
1

Charles Linskaill,

Edinburgh 16/05/2009 13:40:02

This is exactly what happens, if you do not keep-up, with the market trends, nothing more, nothing less!
A Year now, and the People just do not have the money to spend that they one had, you have to give them fashion clothing at affordable prices, such as our amazing Philip Green does through stores like BHS, and his Arcadia consortium.
Recession may be here, but Philip Green is still, rolling in the cash.

2

caramel wafer,

17/11/2009 12:49:15
who cares,,,overpriced rubbish anyway

 

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