Cotton Traders – the online and high street clothing company founded by former England national rugby union team captains Fran Cotton and Steve Smith – has bought fulfilment business Prolog out of administration after being a long-term customer of the firm.
According to Print Week, the business was put into administration in November last year due to soaring operating losses and a major customer jumping ship. It had six sites employing a total of 618 people, five in Nottinghamshire and one in Essex.
Three of its sites were sold back to former Prolog managing director Neil Daniells and operations director Nick Hoare in January, saving around 330 jobs.
, Daniells and Hoare bought the business under the company name Prolog Fulfilment Ltd with to target the e-fulfilment and returns market sectors.
However, administrators Mazars has confirmed that Altrincham-headquartered Cotton Traders, which was a Prolog customer, has now “purchased the entirety of the [remaining Sherwood] site’s contents and technical equipment from the administrators”.
The administrators added Cotton Traders has “brought the warehouse into full alignment with its own business by migrating IT systems and transferring 130 warehouse staff under TUPE regulations”.
Cotton Traders, which had apparently been working closely with the administrators since Prolog went into administration, has agreed a long-term lease with the landlord of the Sherwood Park warehouse, which was previously operated by Prolog.
To leave a comment please register – it takes less than a minute and is free of charge. You will also get our weekly email update The DM Report (to opt out contact email@example.com). If you are an existing user, please log in. If you have forgotten your log-in details please email firstname.lastname@example.org to get them reset!