The Fosters menswear chain has gone into administration. Many of the175 stores are expected to close.
The company had closed 40 shops in the past year.
BDO Stoy Hayward, the receiver, is looking to revive the business rather than find buyers. It said: “Fosters does have a large ‘For Sale’ sign saying any retailers come and get us.”
- The Times 12/03/98 page 27, 29 (Commentary)
- The Independent 12/03/98 page 24
- The Guardian 12/03/98 page 25 (News in Brief)
- The Daily Telegraph 12/03/98 page 29
