Thu, 10 Jan 2019 | ADMINISTRATION
For the second time in its 73-year history, men’s tailor and fashion house Hardy Amies has fallen into administration.
The brand, with a store in London’s Savile Row, previously entered administration in 2008, but was rescued in a deal soon after.
Financial services firm Menzies LLP has been called in to handle the administration process, with business recovery partners Freddy Khalastchi and Jonathan Bass appointed as joint administrators.
The administrators said that although the company had been trading at a loss for a long period of time, they were seeking new owners for the luxury retailer’s UK operations and intellectual property rights in due course.
Khalastchi said: “Despite trading at a loss in the UK for some time, the Hardy Amies brand has a unique heritage, which is much-revered in the world of haute couture, and it very much deserves to live on.â¯
"We are looking forward to talking with potential buyers in the coming days and weeks to find a way to make this happen.”
Founded by former wartime intelligence officer late Sir Hardy Amies in 1946, the company opened its doors at 14 Savile Row, where its headquarters are still operating.
Sir Amies most prominent client is the Queen, whom he began dressing in 1952 until his retirement in 1989. Other clients include the 1966 England World Cup team and the British Olympic squad of 1972.
He also created costumes for Stanley Kubrik’s famous film 2001: A Space Odyssey which premiered in 1968.
The administrators are expecting new ownership to take on the business, and are even inviting offers from collectors and museums in the hopes that the brand’s fashion archives will be taken in and put on display to the public.
For more news stories about administrations click here. For all our administrations listings, click here.
Offering to the market this leasehold food and wine shop situated in prime location of South Ruislip.
LEASEHOLD
An award-winning farm and coffee shop, situated in a superb high profile trading position on the A65.
FREEHOLD
This is the exciting sale of a truly profitable and highly successful bioethanol fireplace business established in 2009. With a 4.8-star review on Trustpilot, this business has a stellar reputation and a loyal customer base. It is a leading brand wi...
RELOCATABLE
02
|
Apr
|
Listed group Spire Healthcare buys occupational health peer Acorn | BUSINESS SALE
Listed group Spire Healthcare has bought peer Acorn Occupati...
01
|
Apr
|
Law firms merge to create regional powerhouse | MERGER
A Lincolnshire and Yorkshire law firm have announced they ar...
01
|
Apr
|
Jackson Jackpot falls into administration | ADMINISTRATION
Online competition business Jackson Jackpot Ltd has gone int...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.