By  on December 30, 2008

The Officers Club discount men’s wear chain is the latest British retailer to be rescued from administration, the country’s equivalent of Chapter 11.

Time C 1215 Ltd., a company backed by David Charlton, chief executive officer of The Officers Club, bought the business and 118 of the chain’s 150 U.K. stores for an undisclosed sum last week. The chain was placed into administration on Dec. 23 following what its administrators, PricewaterhouseCoopers, called “difficult” trading conditions.

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