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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

New Pashmina Dehairing Plant to come up in Leh

A new Pashmina Dehairing Plant will be installed at Leh to increase...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search