Thu, 10 Jan 2019 | ADMINISTRATION
For the second time in its 73-year history, men’s tailor and fashion house Hardy Amies has fallen into administration.
The brand, with a store in London’s Savile Row, previously entered administration in 2008, but was rescued in a deal soon after.
Financial services firm Menzies LLP has been called in to handle the administration process, with business recovery partners Freddy Khalastchi and Jonathan Bass appointed as joint administrators.
The administrators said that although the company had been trading at a loss for a long period of time, they were seeking new owners for the luxury retailer’s UK operations and intellectual property rights in due course.
Khalastchi said: “Despite trading at a loss in the UK for some time, the Hardy Amies brand has a unique heritage, which is much-revered in the world of haute couture, and it very much deserves to live on.â¯
"We are looking forward to talking with potential buyers in the coming days and weeks to find a way to make this happen.”
Founded by former wartime intelligence officer late Sir Hardy Amies in 1946, the company opened its doors at 14 Savile Row, where its headquarters are still operating.
Sir Amies most prominent client is the Queen, whom he began dressing in 1952 until his retirement in 1989. Other clients include the 1966 England World Cup team and the British Olympic squad of 1972.
He also created costumes for Stanley Kubrik’s famous film 2001: A Space Odyssey which premiered in 1968.
The administrators are expecting new ownership to take on the business, and are even inviting offers from collectors and museums in the hopes that the brand’s fashion archives will be taken in and put on display to the public.
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