Buyer sought for JS Childrenswear Limited

Buyer sought for JS Childrenswear Limited

- Significant interest already expressed in the Adams retail chain -

Paul Clark, Partner at MCR, has confirmed that the business and assets of JS Childrenswear Limited, better known as the Adams retail chain, are being offered for sale.

"We are already seeing significant interest in the business and assets of the Company with a number of interested parties having already come forward," stated Paul Clark.

"We are still undergoing a process of determining the viability of the business and while it is too early to make any further announcement on who those interested parties may be, I can confirm that the Company is still trading with a view to securing a going concern sale," he continued.

The 75-year-old business, which trades under the brand name of Adams, has more than 107 stores in the UK and a further 19 concessions in the UK and Eire and employs over 1,100 staff.

Operating from its base in Nuneaton, Adams is one of the largest independent childrenswear retailers in the UK, which at its height had 271 own brand stores and concessions throughout the UK trading under Adams Kids. Additionally, the company supplies Boots with the ‘Mini Mode' own brand range.

About MCR

MCR was formed in April 2001 to offer turnaround, restructuring and insolvency services of outstanding quality to banks, lenders, business owners and individuals in the mid-market sector. It aims to provide the most practicable ways to resolve issues affecting business performance.

The firm has 12 partners who practice an ethos of high-level involvement to ensure that each assignment capitalises upon the expertise and knowledge of the whole team.

MCR regularly handles significant projects across a range of sectors and has been involved in a number of high profile cases. MCR is increasingly being asked to restructure businesses and find turnaround solutions to help companies avoid formal insolvency. Sectors include property, retail, financial services, manufacturing, printing, recruitment, hotels, leisure, automotive, telecommunications, music, entertainment and construction.

For more information, www.mcr.uk.com

Press contacts:

Richard Merrin / Luke Derbyshire
Spreckley Partners Limited

T: 0207 388 9988
E: merrin@spreckley.co.uk
E: derbyshire@spreckley.co.uk