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.
Solutions are offered on-site or hosted in the cloud, with the company delivering robust and reliable infrastructure environments, upon which its clients and partners can rely. Services include hosting and IT, with a complementary range of products a...
LEASEHOLD
Benefits from a knowledgeable, approachable and loyal workforce, capable of running the business without the shareholders’ input. Operates from leasehold premises. Our clients are offering the business for sale to pursue other, unrelated interests. O...
LEASEHOLD
Provides an extensive range of 900 products, many of which as an exclusive distributor, owing to its strong relationships with suppliers. Operates from leasehold premises based in South England. Offers invited.
LEASEHOLD
|
20
|
|
Nov
|
Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION
An unfinished waste-to-gas facility in Swindon has secured &...
|
19
|
|
Nov
|
UK government set to approve Cobham takeover | BUSINESS SALE
The British government is poised to approve the $5 billion t...
|
18
|
|
Nov
|
Kitwave acquires Alpine Fine Foods | BUSINESS SALE
Independent wholesaler Kitwave has acquired Alpine Fine Food...
Sign up to receive our acquisition alert emails to get your FREE guide
|
29
|
|
Sep
|
BHS 'reborn' as online only business, BHS digital | ADMINISTRATION
British Home Stores (BHS), which was wound down in June, is ...
|
03
|
|
Jun
|
BHS faces liquidation as rescue bids fail | BUSINESS SALE
BHS faces going into liquidation after administrators Duff &...
|
25
|
|
Apr
|
BHS collapses into administration an inevitable outcome | ADMINISTRATION
The owner of retail chain BHS has written to members of staf...
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