The Sweater Shop was a

Leicestershire Leicestershire ( ; postal abbreviation Leics.) is a ceremonial and non-metropolitan county in the East Midlands, England. The county borders Nottinghamshire to the north, Lincolnshire to the north-east, Rutland to the east, Northamptonshire t ...

, England, based clothing company with many national outlets.

History

The Sweater Shop Ltd was established by Margaret Wood on 20 March 1973 in Barwell, Leicestershire. The company was sold on 28 April 1995 to a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1 ...

for £150m.

Closure

In May 1998 the company went into

receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in ca ...

.Herald Scotland May 1998
/ref> At the time of closure it had 78 retail outlets. As of 2020, Sweater Shop (no 'The') is a separate company trading under the same brand name.

Structure

It was headquartered in

Syston Syston ( ) is a town and civil parish in the district of Charnwood in Leicestershire, England. The population was 11,508 at the 2001 census, rising to 12,804 at the 2011 census. Overview There has been a settlement on the site for over 1,000 ...

in the

Borough of Charnwood The Borough of Charnwood is a local government district with borough status in the north of Leicestershire, England, which has a population of 166,100 as of the 2011 census. It borders Melton to the east, Harborough to the south east, Leiceste ...

. It made its own products in factories in

Leicester Leicester ( ) is a city status in the United Kingdom, city, Unitary authorities of England, unitary authority and the county town of Leicestershire in the East Midlands of England. It is the largest settlement in the East Midlands. The city l ...

and

Shepshed Shepshed (often known until 1888 as ''Sheepshed'', also ''Sheepshead'' – a name derived from the village being heavily involved in the wool industry) is a town in Leicestershire, England with a population of 13,505 at the 2011 census. It is ...

. It had a factory in Scotland in

Cumnock Cumnock (Scottish Gaelic: ''Cumnag'') is a town and former civil parish located in East Ayrshire, Scotland. The town sits at the confluence of the Glaisnock Water and the Lugar Water. There are three neighbouring housing projects which lie just o ...

East Ayrshire East Ayrshire ( sco, Aest Ayrshire; gd, Siorrachd Àir an Ear) is one of thirty-two council areas of Scotland. It shares borders with Dumfries and Galloway, East Renfrewshire, North Ayrshire, South Ayrshire and South Lanarkshire. The headquart ...

that opened in 1992. On 24 November 1992

Diana, Princess of Wales Diana, Princess of Wales (born Diana Frances Spencer; 1 July 1961 – 31 August 1997) was a member of the British royal family. She was the first wife of King Charles III (then Prince of Wales) and mother of Princes William and Harry. Her ac ...

officially opened the Scottish factory.

References

{{Reflist 1973 establishments in the United Kingdom 1998 disestablishments in the United Kingdom Borough of Charnwood Clothing retailers of the United Kingdom Companies based in Leicestershire Clothing companies established in 1973 Companies disestablished in 1998 Cumnock Defunct retail companies of the United Kingdom