Coggles enters administration
Premium independent fashion retailer Coggles has gone into administration.
The York based company appointed Andy Clay and David Acland of Begbies Traynor as joint administrators after the directors failed to secure new investment.
The administrators have announced that around 30 of the 60 employees have been made redundant as a buyer is sought for the company.
Clay said: “We are continuing to trade two of the York stores and the website as usual while we market the business. With its strong brand name and excellent reputation, we are optimistic that a buyer will be found and that Coggles will continue in some form.
“We are currently reviewing the business and making every effort to secure a return for the creditors and a future for the business and its staff.”
Founded in 1974, Coggles sells over 200 men’s and women’s designer collections from established fashion houses, emerging designers and international labels.
