Home / Knowledge / News / Apparel/Garments / Henley's Retail goes into administration
Henley's Retail goes into administration
28
Mar '11
Henley's, a fashion retailer has shutdown all its 18 outlets and has filed an application for placing its retail subsidiary Henley's Retail under administration.

The 15 exclusive stores and other three outlets which were being managed under the banner of Henley's Retail Company have been closed down on account of 'poor trading' and 'difficult leases'. In the meantime, Simon Allport and Ernst & Young's Tom Jack have been appointed as co-administrators of the firm.

Tom Jack revealed that, the fashion retailer has been troubled due to poor business conditions on account of low consumer trust and also due to expensive lease agreements which it entered into while the property market was at its peak.

Shockingly, the news regarding the closure of the outlets and the firm filing for administration came just within a few weeks of the firm's announcement that, in an effort to give the brand a major face-lift, it proposes to launch new outlets throughout the UK and thereby, double the number of outlets.

Following this decision, the retailer would once again shift its focus to its core business, Henley's Clothing, which sells branded apparels to leading retailers in the UK and to over 200 private stores within the country and abroad.

The administration would not have any effect on the firm's online store, which would continue trading normally.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X