The Bay Trading Company, or simply Bay Trading, was a chain of clothing stores situated throughout the United Kingdom and Ireland. Bhupinder Bal, a serial Entrepreneur, managed Bay, growing it from a start-up, to a major fashion retailer, in under 15 years. At sale, to Alexon Group, Bay had an annual turnover circa £100,000,000, 135 retail outlets; it employed 1400+ full time and part-time staff. According to Mintel, at the time, Bay Trading had 2.3% Market share of the 19-35 ladies-wear market.
In 1999, Bay Trading Company was acquired by
Alexon Group
Alexon Group plc was a clothing retailer, based in Luton, England. The company was listed on the London Stock Exchange (symbol AXN). It was a constituent of the FTSE Fledgling Index
The FTSE Fledgling Index comprises companies listed on the ...
plc having previously been a privately owned company. The business was relocated to
Luton
Luton () is a town and borough in Bedfordshire, England. The borough had a population of 225,262 at the 2021 census.
Luton is on the River Lea, about north-west of London. The town's foundation dates to the sixth century as a Saxon settleme ...
.
At the beginning of 2009, Bay Trading had over 100+ High Street stores across the UK. In addition to these there were also over 100+ Bay Trading concessions, primarily within Macakays and Sunwin department stores. In 2009, Bay Trading began trading online. In April 2009, there were approximately 1000 employees in the UK and Ireland, including concessions.
On 24 April 2009 Bay Trading was placed into
administration
Administration may refer to:
Management of organizations
* Management, the act of directing people towards accomplishing a goal: the process of dealing with or controlling things or people.
** Administrative assistant, traditionally known as a se ...
by the Alexon Group.
Deloitte was appointed administrator of Bay Trading after credit insurers withdrew cover against the fashion retailer. Prior to administration, the brand had 268 stand alone stores and concessions, mainly based in Mackays and Sunwin department stores.
In May 2009, Rinku Group purchased 45 Bay Trading stores and 85 Bay Trading concessions out of administration for an undisclosed sum,
however as of 2015 the business no longer operates.
References
External links
Official website
Defunct retail companies of the United Kingdom
1999 mergers and acquisitions
{{UK-retail-company-stub