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The George brand and range was developed by Davies's company Red Creative, set up to provide full clothing retail solutions [clarification needed] through a team of designers and marketeers. In 2000, Asda was bought by the world's largest retailer, Wal-Mart of the United States.
The George brand was founded in 1989 as a partnership between English fashion designer George Davies and Asda. The latter had recruited the high-street designer for its grocery store brand to help shoppers avoid high street. Asda and George were sold to Walmart in 1999, which led to the expansion of the George brand into Walmart stores. [2]
George (named after designer George Davies) clothing was launched in 1989 replacing the Asdale and Asda ranges. Mintel estimate that George is the fourth largest retailer of clothing in the United Kingdom, after Marks & Spencer, the Arcadia Group and Next.
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Asda has its own range of clothing known as George, which was created and trialled in selected stores in 1989, and officially launched and rolled out to the main superstore estate in 1990. It replaced the older Asdale/Asda clothing labels of the 1970s and 1980s. [ 98 ]
The Per Una brand has been a major success for the company, [16] and in October 2004, M&S bought the brand in a £125 million, two-year service contract with George Davies. [17] Davies was to stay on for at least two years to run the company, with 12 months notice required if he wished to leave. [16] [17]