>>
Home / Knowledge / News / Fashion / UK fashion chain Nicole Farhi slips into administration
UK fashion chain Nicole Farhi slips into administration
04
Jul '13
Nicole Farhi, one of the leading fashion chains of Britain, has slipped into administration, putting over 100 jobs at stake. 
 
Feeling disabled to handle financial pressures arising out of waning demand, contracting margins and rising costs, the fashion chain has called in advisory and restructuring firm Zolfo Copper to serve as administrator for NF Fashion Limited and NF Acquisitions Limited, which jointly trade as Nicole Farhi, BBC News reported.
 
The fashion chain, which sells clothing for men and women as well as home furnishings, and a usual name at London Fashion Week, operates five standalone outlets and also sells its clothing in department outlets House of Fraser, Harvey Nichols, and Selfridges across the UK. It employs a staff of 75 across its retail network, and another 44 people at its London-based headquarter.
 
Noting that several parties have shown interest in taking over the business, the administrators have said that they would soon find a new buyer for the firm and would continue trading the label till then.
 
Incorporated by French-born designer Nicole Farhi and former head of French Connection Stephen Marks in 1982, the company has witnessed frequent changes in ownerships over the past three years.
 
After incurring heavy losses, French Connection sold the company to OpenGate Capital for £5 million. However, within a short span of two years OpenGate resold it to private equity group Kelso Place Management, which promised to invest about £15 million in the company over a five-year period.
 
According to the last records available, the company’s revenues totalled £11.75 million in 2011, however its operational losses then reached £ 2.33 million.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 18th May 2022

GDP up 0.3% in euro area, 0.4% in EU in Q1 2022 over Q4 2021 figures

In the first quarter (Q1) of 2022, seasonally adjusted GDP increased...

Pic: Shutterstock

Textiles | On 18th May 2022

$1.3 bn spent to aid Cambodia’s industrial development policy

The implementation of the Cambodia Industrial Development Policy,...

Pic: Shutterstock

Retail | On 18th May 2022

US clothing retail sales up 11.2% YoY in April 2022: NRF

Consumers accustomed to inflation continued to spend in April as...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Sarah Bellos,

Sarah Bellos

Stony Creek Colors was started in 2012 to build a new future for natural...

Ilan Palacci,

Ilan Palacci

France-based Ever Dye develops an innovative dyeing process combined with...

Leanne Elliot – Young,

Leanne Elliot – Young

Forging the future of digital discourse, the Institute of Digital Fashion...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Najla  & Cynthia Burt, Label - Dur Doux

Najla & Cynthia Burt
Label - Dur Doux

Renowned Washington DC based mother-daughter designer duo Najla and...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Jaclyn Hodes, Label - AWAVEAWAKE

Jaclyn Hodes
Label - AWAVEAWAKE

Founded in 2012, New York-based plant dyed luxurious lifestyle brand...

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

Leave your Comments

ESTEEMED CLIENTS

Eurofins BLC Leather Technology Centre Ltd
Xtema - Thomas Lebherz Textilmaschinen
SYNERGIES HONG KONG LIMITED
Shima Seiki Mfg. Ltd.
Varner AS Retail
Aquarelle Clothing Limited
Savio Macchine Tessili S.P.A.
Itema Weaving (India) Private Limited
Hela Clothing Pvt Ltd
G-Star Raw C.V.
Applied DNA Sciences Inc
Lisa S.P.A.
Sportmaster Ltd.
Istanbul Fuarcilik A.S.
Eastman Chemical Company
Mesdan SPA
J ;& P Coats
Recron Polyester from Reliance Industries Limited
GHCL LIMITED
Midas Clothing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Bluestem Global Sourcing Limited
Target Corporation (MN)
Lenzing Aktiengesellschaft - India
TÜYAP IHTISAS FUARLARI A.S.
Mayer & Cie. GmbH & Co. KG
Alison Hayes Romania
Shanghai  Aige Exhibition Service Co., Ltd
IIGM Private Limited
BRINKMANN GMBH
Stahl Holdings B.V.,
SHAHI Exports Pvt Ltd
Rayonese Textile Inc., Division de Culp Inc.
COTTON COUNCIL INTERNATIONAL
Restoque S.A.
Lectra Technologies India Pvt Ltd.
Thermore (Far East) Ltd.
IKEA of Sweden AB
Puma
DyStar India Pvt. Ltd
BIMBA ;& LOLA SL
Bluesign Technologies Ag
Aleph Srl
X-Rite Asia Pacific Limited (HK)
Hirdaramani International Export Private Limited
Tradewind International Servicing
Haelixa AG
ITMA Services Pte Ltd
Zydex Industries
Lifestyle
Brückner Trockentechnik GmbH & Co. KG
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Arvind Limited
Helly Hansen Far East Ltd
Asos
Gloria Jeans
Meera Dyestuff Industries
Tory Burch Hong Kong Ltd
Zünd Systemtechnik AG
Jindal Worldwide Limited
N9 World Technologies Private Limited
Kornit Digital Asia Pacific Ltd
Chico’ FAS
Babyshop
Sateri (Jiujiang) Fiber Co.,Ltd
Recron Polyester from Reliance Industries Limited
FULGAR SpA
PVH Corporation
VNU Exhibitions Asia
NITI Aayog
Rieter India Private Limited
G.A.S. unternehmenskommunikation gmbh
Colours India Inc
Walmart
Taiwan Textile Federation (TTF)
Messe Frankfurt Exhibition GmbH
GIOVANNI BOZZETTO S.p.A.
Jiangsu Yingyang Nonwoven Machinery Company Limited
Tchibo GmbH
H. Stoll AG & Company KG
Gokaldas Exports Limited
BTSR International S.P.A.
T.T. Limited
APLF Limited
LC Waikiki
Aramark Uniform ;& Career Apparel, LLC
CGS Inc.
Datatex Consulting Srl
Messe Duesseldorf
KAS Direct Sourcing
Italian Trade Commission
GERBER TECHNOLOGY LTD.
Pt. Peraga Nusantara Jaya Sakti
Lacoste (Wanchai)
Flainox S.r.l.
Officina Meccanica Dora Enrico Srl
UBM China (Shanghai)
Benetton Group
Palexpo SA
C;&A Sourcing International Ltd
Centric Software
Reiter India Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Vianney Textil Hogar S.A. De C.V.
Chori Company Limited
Etam Group Strategy Hong Kong Limited
Seasalt Limited
Page Industries Limited (Bangalore)
Abit
Woolmark Services India Pvt. Ltd.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
John Varvatos
ZAITEX spa
MAS Active / MAS Kreeda / MAS Bodyline
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Amazon China
Lululemon Athletica Inc
Copenhagen Fashion Summit
Weitmann & Konrad GmbH & Co. KG
Boardriders Asia Sourcing Limited
IFF Media Ag - International Media Services
International Sourcing Expo Australia
Guess Europe Sagl,
TEXVALLEY MARKET LIMITED
Sportswear Company Spa
Nandan Denim Limited
Dow Silicones Corporation
Desigual - ABASIC, S.A.
Groz-Beckert KG
Vardhman Textile Ltd
Karl Mayer Textilmaschinenfabrik GmbH
Under Armour Global Sourcing Ltd
International Textile Manufacturers Federation
Calvin Klein
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Splash
Marzoli Machines Textile s.r.l.
BIANCA
Sainsbury's Argos Asia Limited
Nihalani Events Management
Landmark Group
Lenzing Aktiengesellschaft
CSGIA(China Screen Printing & Graphic Imaging Association)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Loris Bellini S.r.l.
Truetzschler India Private Limited
Maceton Limited
Green Fibre
Equinox Impex India
Alix Partners
The LYCRA Company Singapore  Pte. Ltd
Tuyap Tum Fuarcilik Yapim A.S.
Datacolor AG Europe
Thai Trade Center
Tommy Hilfiger
Gatsby Africa
Indo Tex
FESPA (Reigate)
Kern – Liebers Textile
IDH – The Sustainable Trade Initiative
H;&M Hennes ;& Mauritz (Far East) Ltd
The Top Form Brassiere Manufacturing Company Limited
EPCH
NV Michel Van de Wiele
Rosset ;& Cia Limited
Saurer Textile Solutions Pvt. Ltd.
OVS Hong Kong Sourcing Ltd.
Thai Acrylic Fibre Company Limited
Phong Phu international JSC (PPJ)
Decathlon
The LYCRA Company Singapore  Pte. Ltd
TESCO INTERNATIONAL SOURCING LIMITED
BTC Textiles LLC
Lottmann Communications
Gap International Sourcing Limited
Color Service s.r.l.
Infor (Hong Kong) Limited
KIABI
EUROVET ASIA LTD
Huntsman (Singapore) Pte Ltd
EMBEE CORPORATION
Grasim Industries Limited
Cat Tuong Real Estate Group Joint Stock Company
JES MEDIA, INC
Esprit Europe Services GmbH
Inter Expo Center Ltd.
China World International Exhibition Company Limited
Brandix Lanka Limited
Indofil Industries Limited - Specialty & Performance Chemicals Division
Performance Days
DuPont de Nemours, Inc.,
Coats Digital Limited
Newtech Textile Technology Development (Shanghai) Company Limited
Comasia Limited
USTER
Groz-Beckert East Asia LLP
TESTEX AG, Swiss Textile Testing Institute
K AND D ITMACH EXPOSITIONS LLP

May 2022

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


Advanced Search