Rosebys

Last updated

Rosebys
Type Private
Industry Retail
Founded1922
Defunct2008
Key people
David Beckham
OwnerGHCL Limited

Rosebys was a retail chain, consisting of over 300 soft-furnishing stores across the United Kingdom. [1] Rosebys sold bedding, curtains, bathroom textiles, and other products. [2] In September 2008 it was announced that Rosebys had become a victim of the recession caused by the 2008 credit crunch and had been placed into administration. [3] As of 2022, the defunct brand is still owned by Indian manufacturing company, GHCL Limited, who have owned the chain since 2006.

Contents

History

A Rosebys at Crown Point retail park in Leeds. Rosebys and Bensons - Crown Point Retail Park - geograph.org.uk - 1145737.jpg
A Rosebys at Crown Point retail park in Leeds.

Rosebys was founded in Grimsby in 1922 and, following this, expanded into Yorkshire and northeast England. They acquired a number of other companies in the 1980s, including Sherrys, Stapleton Linens, Maytime Linens, and Waldmans, and became a publicly traded company in 1992. They acquired Brentfords, Knightingales, Shallets, Russells and Bond Street Fabrics in 1995, Rexmore in 1996, and Bensons Beds, Fabric Warehouse [4] and Fads/Homestyle in 2000. Following this, the company changed its name to Homestyle Group.

A Rosebys' store the day after the group was placed in administration. Rosebys, Hounslow, 27-09-08.JPG
A Rosebys' store the day after the group was placed in administration.

[5] Homestyle Group bought the Harveys chain in 2000. [6] Knightingales stores were rebranded as Rosebys in 2002. In 2004, Rosebys and Fabric Warehouse were acquired by Lloyds Development Capital and split into two separate companies. [5] In 2006, Rosebys was acquired by Gujarat Heavy Chemicals Ltd., part of the India-based Dalmia Group. [7]

Closure

On Friday 26 September 2008, with quarterly rents being due on the following Monday, [8] it was announced that Rosebys had been placed into administration, with the loss of 2,000 jobs. Despite an annual turnover of £100m, the group had become a victim of reduced high street spending with fears that it would be the first of such high street failures. In November 2008, Edinburgh Woollen Mill bought 77 stores from the administrators and merged them with the assets of furnishings business Ponden Mill to create the 150-strong Ponden Home chain. [9]

Related Research Articles

<span class="mw-page-title-main">Borders Group</span> Defunct American corporation

Borders Group, Inc. was an American multinational book and music retailer based in Ann Arbor, Michigan, United States. In its final year, the company employed about 19,500 people throughout the U.S., primarily in its Borders and Waldenbooks stores.

<span class="mw-page-title-main">Debenhams</span> British department store chain, 1778–2021

Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.

<span class="mw-page-title-main">Woolworths Group (United Kingdom)</span> British retail company (1909–2009)

Woolworth was a listed British company that owned the High Street retail chain Woolworths. It also owned other companies such as the entertainment distributor Entertainment UK, and book and resource distributor Bertram Books.

<span class="mw-page-title-main">The Warehouse Group</span> New Zealand retail group

The Warehouse Group (TWG) was established by Stephen Tindall in 1982 and is the largest retail group in operation in New Zealand. It is a corporate conglomerate that comprises The Warehouse, Warehouse Stationery, Torpedo7, Noel Leeming, 1-day, and TheMarket.

<span class="mw-page-title-main">HMV</span> Public entertainment retailing company

Sunrise Records and Entertainment, trading as HMV, is a British music and entertainment retailer, currently operating exclusively in the United Kingdom and Ireland.

The Carphone Warehouse Limited was a mobile phone retailer based in London, United Kingdom. In August 2014 the company became a subsidiary of Currys plc, which was formed by the merger of its former parent Carphone Warehouse Group with Dixons Retail. Prior to this merger, Carphone Warehouse Group was listed on the London Stock Exchange, and was a constituent of the FTSE 250 Index. Following the closure of all stand-alone UK stores in April 2020, all remaining Carphone Warehouse UK outlets were within branches of Currys PC World. In April 2021, the Carphone Warehouse business in Ireland was closed with immediate effect. Currys continued to use the Carphone Warehouse brand in the United Kingdom, online and, until 2021, inside Currys stores.

<span class="mw-page-title-main">Jessops</span> British photographic retailing company

Jessops (Group) Limited is a British photographic retailing company. It was established in 1935 by Frank Jessop in Leicester, United Kingdom. The company controls Jessops Europe Limited, which in turn control JR Prop Limited.

<span class="mw-page-title-main">Shaw's and Star Market</span> American supermarket chains in New England region owned by Albertsons Companies, Inc

Shaw's and Star Market are two American supermarket chains under united management based in West Bridgewater, Massachusetts, employing about 30,000 associates in 150 total stores; 129 stores are operated under the Shaw's banner in Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont, while Star Market operates 21 stores in Massachusetts, most of which are in or near Boston. Until 2010, Shaw's operated stores in all six New England states, and as of 2021 Shaw's remained the only supermarket chain with stores in five of the six, after it sold its Connecticut operations. The chain's largest competitors are Hannaford, Market Basket, Price Chopper, Roche Bros., Wegmans, and Stop & Shop. Star Market is a companion store to Shaw's, Shaw's having purchased the competing chain in 1999.

Habitat, is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.

Arcadia Group Ltd was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK and concessions in UK department stores and several hundred franchises operated internationally.

<span class="mw-page-title-main">Fopp (retailer)</span>

Fopp is a British chain of retail shops selling music, film, books and other entertainment products in the United Kingdom. It is owned by HMV.

<span class="mw-page-title-main">Frasers Group</span> British sports-goods retailer

Frasers Group plc is a British retail, sport and intellectual property group, named after its ownership of the department store chain House of Fraser. The company is best known for trading predominantly under the Sports Direct brand which operates both physical outlets and online. Other retailers owned by the company include Jack Wills, GAME, Flannels, USC, Lillywhites and Evans Cycles. The company owns numerous intellectual property, including the brands Everlast, Lonsdale, Slazenger and No Fear. The group also expanded into operating fitness clubs, launching the Everlast Fitness Club chain in 2020.

<span class="mw-page-title-main">...instore</span>

...instore was a chain of retail stores in the United Kingdom, selling a range of products and principally concentrating on value homeware items.

Edinburgh Woollen Mill (EWM) is a Carlisle-based retailer specialising in clothing, along with interests in homewares and destination shopping for tourists. It was previously owned by the Dubai-based British billionaire Philip Day.

<span class="mw-page-title-main">Dunelm Group</span> British home furnishings retailer

Dunelm Group plc, trading as as Dunelm, is a British home furnishings retailer operating in the United Kingdom. One of the largest homeware retailers in the UK, the company headquarters are in Syston, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Until 2013 the company traded as Dunelm Mill.

Linens 'n Things was a Clifton, New Jersey-based big-box retailer specializing in home textiles, housewares, and decorative home accessories. The chain operated 571 stores in 47 U.S. states and six Canadian provinces, and had 7,300 employees as of December 2006. The company's business strategy was "to offer a broad selection of high quality, brand name home furnishings merchandise at exceptional everyday values, provide superior guest service, and maintain low operating costs."

Mosaic Fashions hf was a holding company listed on the Icelandic stock exchange that owned several fashion brands. At its peak it had over 2,000 stores worldwide, as concessions, franchises and joint venture stores.

Zavvi is an online retailer of entertainment products, including Blu-rays, collectables, homeware and toys. Originally a physical retailer, the brand has been online only since it was bought from administration by The Hut Group in 2009. In July 2023, THG confirmed the sale of its OnDemand division, including Zavvi, to its existing leadership team, with financial backing from investment firm Gordon Brothers.

<span class="mw-page-title-main">Laura Ashley (company)</span> British textile design company

Laura Ashley is a British textile design company. It was founded by Bernard Ashley and his wife Laura Ashley in 1953 in London, and first became known for creating Victorian style head scarves, one of which was worn by Audrey Hepburn in the film Roman Holiday. The company relocated to Wales in 1961, and later grew to become an international retail chain with in excess of 500 stores, selling a variety of clothing and household goods. In 1985 the company was taken public after the death of its founder. Its products have been described as 'quintessentially English.'

Philip Edward Day is a Dubai-based British billionaire businessman, and the CEO and owner of The Edinburgh Woollen Mill Group, which owns Peacocks, Jaeger, Jane Norman, Austin Reed, and other high-street retailers.

References

  1. BJL creates and launches new Rosebys brand, How-Do: News, opinion and resources for the North West media industry, 19 December 2007. Accessed on line 21 December 2007.
  2. Rosebys' boss visit, Europe Intelligence Wire, 14 December 2004. Accessed on line 21 December 2007.
  3. "Jobs fear on Rosebys administration". The Press Association . 26 September 2008. Archived from the original on 1 October 2008. Retrieved 26 September 2008.
  4. --://www.fabricwarehouse.co.uk/
  5. 1 2 About Us, Rosebys. Accessed on line 21 December 2007.
  6. The Questor Column [ dead link ], George Trefgarne, ed., telegraph.co.uk. Accessed on line 21 December 2007.
  7. GHCL to acquire UK's Rosebys for $40 million, The Hindu Business Line, 20 June 2006.
  8. Kollewe, Julia (26 September 2008). "2,000 jobs under threat as textile firm Rosebys goes bust". The Guardian . Retrieved 26 September 2008.
  9. New owner could reopen 75 Peacocks stores, BBC News - Wales, 26 February 2012.