General
City Chic buys up curvy brand Evans to seed UK expansion
Plus-sized fashion retailer City Chic is salvaging UK brand Evans from the collapse of Topshop-owner Arcadia Group, the business announced on Monday morning.
The $41 million deal for the 90-year-old Evans business, which will be funded entirely from City Chic’s cash reserves, includes only its online and wholesale assets and will aid the wider group launch into the UK by providing a stable foundation and customer base.
“I have followed Evans for over a decade and seen how within Arcadia’s portfolio the brand has evolved from a dominant high street retail into a more digitally focused business,” said City Chic CEO Phil Ryan.
“In addition to providing a launching pad into a new market, we are confident we can deploy…
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