Childrenswear brand Pumpkin Patch has changed hands for the second time in as many years, becoming the latest business to be brought under the umbrella of investment firm Alceon Group amid a spate of consolidation in the fashion industry.

Alceon, which in recent years has involved itself in the purchase of a number of retail assets, including Ezibuy, Surfstitch and the Katies, Crossroads, Autograph and Rivers businesses, will relaunch Pumpkin Patch by the end of October.

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