Sun Takes Struggling Retailer Alexon Private

Law360, New York (September 29, 2011, 5:37 PM EDT) -- Alexon Group PLC, a U.K.-based women's clothing retailer struggling with debt, was reportedly sold Thursday to private equity firm Sun European Partners LLP in a deal brokered by KPMG that could save the jobs of 2,700 workers.

Sun European, an affiliate of Sun Capital Partners Inc., invested an undisclosed amount of money, according to British news outlets including the BBC.

Sun Capital principals were quoted by British media as saying their intent is to return Alexon, which sells brands including Dash, Ann Harvey and Eastex at hundreds...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.