THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Over 50 parties express interest in Nicole Farhi

Administrators for the collapsed fashion brand Nicole Farhi have said that they have received a high level of interest regarding a potential sale of the business.

GENERAL MERCHANDISE

Over 50 parties express interest in Nicole Farhi

Nicole Farhi entered administration last week after struggling against rising costs and the decline in spending on the high street.

Since then administrators Zolfo Copper have continued to trade the company while exploring possible options including a sale of all or parts of the business. Yesterday Zolfo Copper said that there had been over 50 expressions of interest received form trade and investment buyers from the UK and overseas.

Peter Saville, joint administrator and partner at Zolfo Cooper said: “As expected with such an iconic and deeply ingrained fashion brand, interest has been high. We are evaluating the many and varied expressions of interest and look forward to being able to announce a successful conclusion to the process in the coming weeks. We would like to thank management and all employees for their professionalism and hard work during this process.”

Zolfo Copper did not name any interested parties although there have been reports that Sports Direct, JD Sports, Matalan and Edinburgh Woollen Mill have been eying the brand.

In addition to a flagship store on London’s Conduit Street, Nicole Farhi has five standalone stores, ten concessions in the UK and Ireland, an e-commerce website and a wholesale arm. The company employs 75 staff across its retail network, with an additional 44 staff at its headquarters in London. 

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing