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TriStyle saves Basler from collapse, but stores closures to go ahead

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German fashion company TriStyle Group has acquired embattled womenswear retailer Basler, but the future of retail staff remains uncertain as it confirmed the closure of its stores. The German retailer initially placed itself into voluntary administration in June before it went into liquidation in August, while Basler’s UK arm went into administration in September. As part of the acquisition, TriStyle said there would “no longer be any Basler retail shops” and that it would focus on supplying retailers on the new autumn/winter range as “a first step”

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TriStyle saves Basler from collapse, but stores closures to go ahead

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