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.
Very busy hardware and DIY store situated in the centre of this busy small town in Derbyshire – substantial freehold property which offers spacious retail and ancillary space together with super family accommodation. Offers invited.
LEASEHOLD
This is one of the best convenience stores seen for some time – the premises have been fitted and equipped to the highest of standards more usually associated with the corporate national traders. Offers invited.
LEASEHOLD
Superbly fitted news and convenience store which has been in the same hands for over 20 years and has proved itself to be a highly profitable business for our clients who have earned a very good living indeed. Offers invited.
FREEHOLD
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