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Austin Reed, the Thirsk-based clothing retail firm, has been acquired by Alteri Investors for undisclosed terms.
Austin Reed has bought Viyella out of administration, securing about 230 jobs at 21 fashion stores and 16 concessions.
Austin Reed is planning to open a further 30 fashion stores in the UK and Ireland this year.
Austin Reed is planning to expand its chains of 92 Austin Reed and 217 CC fashion stores with a further 60 outlets over the next two years.
Austin Reed, the fashion retailer, has accepted a £49m takeover bid from Darius Capital.
Austin Reed is to invest £11m in the refurbishment of its Regent Street fashion store in London, and is seeking joint venture partners to expand into continental Europe.
Austin Reed, the fashion retailer, is planning to open 30 concessions and refurbish 26 stores this year.
Austin Reed, the clothing retailer, has sold its Chester Barrie manufacturing business to Thompson Holdings for £3.7m.
Austin Reed is to acquire Country Casuals, the troubled clothing retailer, for £26m.