Viyella in administration
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At first this was made by separate businesses, but it was not long before Hollins started producing their own clothes and offering franchises to manufacturers who would use the Viyella label. Following increasing emphasis on garment manufacture over the years, Viyella was a fashion brand for clothes and home furnishings made of a variety of fabrics. However the credit crisis proved too much for the brand and "following an assessment of the current economic situation and the prospects for the future, the directors have reluctantly decided that they have no alternative but to place the business into administration," the company said.
Viyella is owned by British firm Waterlinks Investments, whose principals are John Harris and Sue Watson. Viyella's menswear and homeware businesses are unaffected. Paul Rigby, director of Viyella menswear, said: "Our operation is a separate entity and we are still very much in business. "None of our orders are affected and we are in fact enjoying growth."
Paul Kenny, general secretary of the GMB union, said: "The City fat cats and their hangers-on who brought us the credit crunch have now brought down another iconic brand.There had been speculation for days that the future of the company was uncertain.
Image: Viyella logo