British marine clothing retailer Henri Lloyd has gone into administration. Marine Clothing, Henri Lloyd was founded in Manchester in 1963.

Henri Lloyd has blamed challenging high street conditions.

The marine clothing retailer, which has a concession in House of Fraser in Chichester as well as seven stores around the UK and numerous House of Fraser outlets, was founded in Manchester in 1963. RSM Restructuring Advisory LLP have been appointed joint administrators.

“The decision to appoint administrators was made due to challenging trading conditions on the high street,” explained the company in a statement issued at the beginning of the week.

“It’s early days but we are talking to potential interested parties and working with our professional advisers to review the status of the business with a view to maximising the returns to creditors,” added the administrators.

The firm has Tour de France winners Team Sky on its books and it also provided official merchandise for the Land Rover BAR America’s Cup team.