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Article: United States: Alexons Bay Trading put into administration.
- Article from:
- TendersInfo
- Article date:
- April 25, 2009
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Byline: Mamta03
British fashion retailer Alexon Group Plc (AXN.L) said on Friday it had put its loss-making subsidiary Bay Trading into administration, but the unit would continue trading with a view to finding a buyer.
The company said that it had reviewed a range of options for Epcoscan Limited, which trades as Bay Trading, after its credit insurer withdrew cover for the group's suppliers due to uncertainty over Bay's performance.
"The level of potential drain on the ...