Iconic Afflecks saved by owners
BBC News, UK -
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.
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....