Business will continue as normal and the jobs of the nine employees at the A Wear fashion store in Newbridge’s Whitewater are secure, it was announced after the chain’s acquisition by a group of international investors last week.
Jim Luby of McStay Luby was last Thursday appointed receiver to the chain, which employs 460 full-and part-time staff in its 32 stores across the country.
According to a spokesperson for the group, “the deal secures the long-term viability of the AWear business”. They added that the terms and conditions of employees will remain the same.
AWear was acquired by the group of investors, headed by British businessman Michael Flacks of Flacks group, shortly after the receivership appointment was made. The company was previously owned by Hilco.