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.
Extremely attractive and highly profitable sub-Post Office and convenience store which is situated in an unopposed trading position in the highly desirable and village of Feniscowles, in a semi rural surrounding, close to Blackburn Town Centre and wi...
LEASEHOLD
Fantastic opportunity to purchase a busy licensed convenience store. The store is a popular local business located on the busy Moorside Road of Urmston. The business has been well-run by the current owners for twenty years and is now on the market a...
LEASEHOLD
100% of the issued share capital of this long time established Hand/Power tools, bearings, bolts, and welding business. The company provides an efficient, reliable bolts and bearings service in East Anglia. Offers invited.
LEASEHOLD
|
20
|
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
|
19
|
|
Sep
|
Smith & Williamson and Tilney to merge | MERGER
After revealing in August this year that talks were in place...
|
18
|
|
Sep
|
Infrastructure investment manager takes stake in LJLA | BUSINESS SALE
Infrastructure investment management group, Ancala Partners,...
Sign up to receive our acquisition alert emails to get your FREE guide
|
04
|
|
Sep
|
E-commerce company acquires beauty product manufacturer | BUSINESS SALE
In a deal valued at roughly £60 million, online retail...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources