ACS in £2m deal for kilt hire firm

KILT hire firm ACS Clothing has bought Etiquette Formal Hire out of administration for £2 million, following a £6m loan and overdraft deal with Clydesdale Bank.

By The Newsroom

Published 10th May 2011, 22:42 BST

Updated 11th May 2011, 22:02 BST

Glasgow-based ACS, which already has contracts with Austin Reed and Slater Menswear, will take over a supply deal with Debenhams after buying its Burnley-based rival. ACS, which has about 180 staff, expects the deal to take its turnover from 8m to 12m.