Fashion brand files for administration

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.


Share this article



Latest Businesses for Sale

Butchers
Dagenham, Essex, South East, UK

The business sells a great selection of meats, cooked meats, a range of seasoned sausages and burgers all prepared in-house. Revenue is derived from the sale of quality fresh produce, supplied from reputable sources. The business sees a lot of repeat...

Asking Price: Offers Invited
Turnover: £852,000

LEASEHOLD


Furniture Retailer
County Durham, UK Wide

The business offers a wide range of quality furniture made from materials such as solid oak, solid pine, Indian hardwood, reclaimed wood, veneers, foils and more. A wide variety of different products are displayed in a traditional and contemporary st...

Asking Price: Offers Invited
Turnover: £550,000

LEASEHOLD


Butchers With Modern Bakehouse
Kirkcaldy, Fife, Scotland, UK

Fantastic opportunity to acquire, on a freehold basis, this long standing and well respected traditional local butchers. Thomson of Thornton has been family owned for over 50 years and has built an excellent local reputation for quality and service a...

Asking Price: £600,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
04
 
Sep
 

E-commerce company acquires beauty product manufacturer | BUSINESS SALE

In a deal valued at roughly £60 million, online retail...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources