Saturday, February 2, 2008

Afflecks Saved

Good News for a change on this front...

Iconic Afflecks saved by owners
BBC News, UK - 1 Feb 2008

A shopping emporium in Manchester's Northern Quarter has been saved from closure after its landlords struck a deal following months of negotiations.

Afflecks Palace is popular among the city's youth for its many market-type stalls which sell punk, retro and avant-garde fashions.

Its future was thrown into doubt as its 25-year lease is set to expire in June.

The emporium, which has been trading for 26 years, has been bought out by landlords Bruntwood.

They struck a deal with manager and founder Elaine Walsh as an interim measure but are planning to find someone else with expertise in running similar enterprises to buy it from them.

'Absolutely chuffed'

In a joint statement, Bruntwood and Afflecks' management team said: "After 26 years of trading, Afflecks management has sold their company to Bruntwood in an agreement that protects the future of Afflecks....

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