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Greenwoods, the chain of 88 menswear stores, has been acquired by Bosideng of China.
Greenwoods Menswear has been sold out of administration by KPMG to the Harvest Fancy Hong Kong subsidiary of China-based Bosideng, securing the future of 556 jobs at 87 menswear stores.
Greenwoods is planning to expand its chain of menswear stores from 92 to 102 over the next year, having secured a credit facility from Royal Bank of Scotland.
Greenwoods is planning to expand its chain of 92 menswear stores to 100 by the end of the year.