Friday September 18, 2020

Awear rocked by losses of €18 million

The Awear fashion chain made a pre-tax loss of almost €18 million last year as ‘‘difficult trading conditions’’ resulted in a 23 per cent fall in sales.

27th November, 2010

The Awear fashion chain made a pre-tax loss of almost €18 million last year as ‘‘difficult trading conditions’’ resulted in a 23 per cent fall in sales.

Awear, taken over by its management in a €70 million deal in 2007, has reached an agreement with its bank to defer debt repayments for a year.

Under the three-year plan, it has also deferred interest payments to Alchemy Partners, which backed the buyout and owns...

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