Thu, 26 May 2016 | ADMINISTRATION
The Derbyshire-based manufacturer of Pretty Polly tights has gone into administration, citing the collapse of BHS as the primary reason.
Courtaulds was the maker of the Pretty Polly brand of tights that were worn by celebrities across the world. It was also a major supplier for BHS, which recently collapsed. CUK Clothing, which was merged with Courtaulds back in 2006 but continued to trade as a separate entity, has also gone into administration because of the BHS failure.
Both companies traded under the world-famous Pretty Polly brand and also made clothing for other retailers for them to brand individually. The companies, which were primarily based in Belper and London, also made a variety of other garments, including formal wear, jackets and coats for UK and international retail stores.
The companies have brought in administrators from RSM Restructuring Advisory UK to search for potential buyers or seek other ways to reimburse creditors. Dilip Dattani of RSM UK said: "The administration of BHS has added to the challenge of operating within a fiercely competitive market for seasonal products.
"This has left the directors with little choice but to place the companies into administration. Regrettably, we have been forced to make 350 employees redundant to align with the current order book, and we are assisting them with their claims to the Redundancy Payments Service.”
Contact the administrators here.
See the latest businesses in administration.
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