UK Tights has taken ownership of My Tights, one of the world’s biggest online hosiery shops, which went into liquidation earlier this month.
The company finalised the deal to purchase My Tights.com and My Tights.co.uk after beating 10 other interested parties in a bidding war for the domain name, Lingerie Insight has learned.
My Tights went into administration on April 1, two years after merging its assets with TightPlease.co.uk.
Bobbie Bhogal, director of TightsPlease, took a 75% stake in MyTights in May 2014, in order to leverage their combined databases. TightsPlease is still trading under The Please Group.
“We have noticed that MyTights were struggling for quite some time,” said UK Tights managing director Dawn Barber, who also runs UK Swimwear and UK Lingerie.
“We picked up a number of their customers just because we had stock and they were not receiving the proper service. I think when they merged with TightsPlease it all went downhill fast,” she added.
UKTights.com is now the largest hosiery retailer in terms of stock holdings, size and business generated.
The company was launched in 2005 by Barber and her husband Jonathan. They believed there was a gap in the market for an online reseller that sold quality products to both men and women of all shapes and sizes.
“I would like to personally thank all the members of my team for their hard work and dedication in bringing us to this point,” said Barber.
“I would also like to extend my best wishes to the founders and directors of My Tights, Laura Godsall and Bobbie Bhogal. We have competed against one another in business, but there has always been a great mutual respect between us.”