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HILCO UK COMPLETES THE FABRIC WAREHOUSE PROJECT
Hilco UK purchased the debt and a proportion of the equity of Fabric Warehouse after some of the company’s original investors decided to exit the business.
Hilco traded the business for a period of 6 months, assisting management in exiting loss making stores and managing the short term cash flow. Following this trading period a total of 14 stores were sold and the remaining stores were closed. The sale and closure programme was led by Investment Director Henry Foster, and Derek Baker.
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