Evans’ stores are not included in the sale and will continue to trade for time being Arcadia’s administrators announced the sale of Evans’ brand, commerce and wholesale business to City Chic Collective for £23 million.
City Chic will acquire Evans’ brand and intellectual property, its customer base and inventory under the terms of the deal which is expected to be completed on December 23.
Crucially City Chic will not be purchasing Evans’ store network, with Arcadia’s administrators at Deloitte stating that the stores would continue to trade for the time being.
The retailer sells plus-size clothing for women from sizes 14-32, as well as lingerie and accessories.
Deloitte noted that in the financial year to August 2020, the Evans website had 19 million visits and generated approximately £23 million of sales.
Although little-known in the UK, City Chic Collective operates as a global omni-channel retailer specializing in plus-size women’s apparel, footwear and accessories, with 96 stores across Australia and New Zealand.
