A high-end Scottish lingerie brand, Boudiche, has entered in to administration after a drop in it potential customers and has partly put the blame on the much-talked about Edinburgh tram development.
This collapse came following Boudiche co-owner, Clare Thommen's declaration about disorder outside his Frederick Street branch, which had resulted in to a 40 percent dive in potential customers, during the last 16 months.
Currently, RSM Tenon is hunting for new owners who will take up operations of Boudiche. But the collapse of this lingerie brand is just another problem linked with the delay of the 11.5 mile tram work by the Transport Initiatives Edinburgh, owned by the Edinburgh City Council.
The tram is likely to open two years later than planned. The tram project has already suffered owing to the current fight with contractors, which has lead to lower than expected rate of work.
Thommen and Fiona McLean, friends and former accountants had established Boudiche in 2005 with the aid of Prince's Scottish Youth Business Trust grant.
Regretting the closure of their firm, Thommen said that, despite incessant efforts and hunt for funds, they failed to procure the amount required for investment to continue operating their business. Their hunt for investment is still ongoing and if found, they will try and buy back their brand.
Fibre2Fashion News Desk - India
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