Boutique 1 to close, enters voluntary liquidation

Luxury concept store Boutique 1 is closing its doors and has been placed in voluntary liquidation, according to inside sources. The two-storey retail space, which opened its London doors three years ago on Sloane Street, said the fixed costs to operate the store are too high and sales margins insufficient to run a profitable business. Lena Jabbour Matta, Co-Founder and Co-CEO of Boutique 1 Group, is thought to have signed a resolution to wind up Boutique 1 Limited, it’s business in the UK.