Tue, 19 Jun 2018 | ADMINISTRATION
Men and womenswear fashion line Enlist Brands has been put up for sale, following a series of cashflow problems. Insolvency practitioners Hudson Weir have been assigned to manage the administration process for the company.
Co-founders Mario Arena and Peter Farrow launched the brand in London 2015 with the aim of producing high-quality modern pieces for men and women that would feature as part of a season-less closet.
Enlist Brands traded across the world in the UK, USA, China, Japan and Saudi Arabia. It conducted sales with Mr Porter, and was stocked in high-street department store Harvey Nichols.
The brand even had plans to expand to e-retailer FarFetch in July this year.
The founders, however, cited the onset of Brexit amongst other factors as the reasons for the firm's poor success.
Arena said: “What hit us first was Brexit and the outcome from that. The cost of goods went up drastically and other things contributed to it. It’s been a very tough retail environment and there has been no summer.”
“We did have some amazing forward orders, [but] unless someone comes and purchases the brand or the trade mark it will probably be wound up in the next week,” he added.
The company has been in talks with a number of potential buyers hailing from China, Holland and the UK, but a formal agreement has not yet been reached.
Affluent trading area for the business. Demand in place to undertake servicing. Jobs booked in up to 6 months in advance. This is a retirement sale. Offers invited.
Popular fish and chip shop in busy West London area (W5). Highly populated area of Ealing. Trading has taken place here since 1996. Offers invited.
Established since 1986. Parking available directly outside. Exclusive Designer brands in stock. Offers invited.
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