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A|wear deal sees 460 jobs secured

Michael Flacks heads the group which has taken over A|wear
Michael Flacks heads the group which has taken over A|wear

Fashion retailer A|wear has been bought by a group of international investors, in a deal which secures 460 jobs at its 32 stores in the Republic of Ireland.

A receiver, Jim Luby of McStay Luby, had been appointed to the chain last night by previous owner Hilco.

Agreement was reached with the group of investors today, which is headed by British businessman Michael Flacks, of Flacks Group.

A statement said A|wear would continue to trade as normal as workers' terms and conditions would remain unchanged.