Fashion store hits difficulties
FASHION retailer Cruise has gone into administration with debts of £15 million.
The designer clothes company has stores on George Street and Castle Street, as well as outlets around the country.
It is understood that the business will immediately be acquired by a team led by the existing management and will continue to trade under the same name.
Three stores have already been closed and the future of the other stores is under review.
Cruise was established in Edinburgh in 1981 and is now based in Glasgow.
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Monday 20 February 2012
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