The new owner of Nicole Farhi should be revealed shortly given the high level of interest the business is receiving from companies and investors looking to buy a distressed business.
Reports suggest that the administrators from Zolfo Cooper – a team comprised of Peter Saville, Fraser Grey and Anne O'Keefe - will really have their work cut out narrowing down the dozens of expressions of interest Nicole Farhi has received.
The business entered administration last week due to increases in costs and the decline in spending that has hit many high street firms. While the business has clearly struggled in its current state, the name and brand remain strong and it looks like the administrators will be able to pick and choose who they believe is the best buyer to take the company forward.
Mr Saville said that there have been over 50 expressions of interest from investment and trade buyers from people based in the UK and overseas. He told Insolvency News that this is to be expected with such "an iconic and deeply ingrained fashion brand".
The administrator added: "We are evaluating the many and varied expressions of interest and look forward to being able to announce a successful conclusion to the process in the coming weeks.
"We would like to thank management and all employees for their professionalism and hard work during this process."
Nicole Farhi was sold by its previous owners, French Connection, back in 2010. Since then the firm has continued to operate five standalone stores and a number of concessions in departments stores including Selfridges and House of Fraser. 
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