Sweater Shop Explained

The Sweater Shop Ltd
Type:Private
Industry:clothing
Predecessors:-->
Founded: in Barwell, England
Founder:Margaret Wood
Fate:management buyout
Successors:-->
Hq Location City:Syston, Borough of Charnwood
Hq Location Country:England
Areas Served:-->
Owners:-->

The Sweater Shop was a Leicestershire, England, based clothing company with many national outlets.

History

The Sweater Shop Ltd was established by Margaret Wood on 20 March 1973 in Barwell, Leicestershire.[1]

The company was sold on 28 April 1995 to a management buyout for £150m.

Closure

In May 1998 the company went into receivership.[2] At the time of closure it had 78 retail outlets. As of 2020, Sweater Shop (no 'The') is a separate company trading under the same brand name.

Structure

It was headquartered in Syston in the Borough of Charnwood. It made its own products in factories in Leicester and Shepshed. It had a factory in Scotland in Cumnock, East Ayrshire that opened in 1992. On 24 November 1992 Diana, Princess of Wales officially opened the Scottish factory.

Notes and References

  1. http://www.leicestermercury.co.uk/Sweater-Shop-reborn/story-15087050-detail/story.html Leicester Mercury January 2011
  2. http://www.heraldscotland.com/news/12262908.Sweater_Shop_collapse_threatens_1300_jobs/ Herald Scotland May 1998