Zolfo Cooper news and archive

Nicole Farhi creditors stand to lose 3 million pounds

Luxury fashion label Nicole Farhi collapsed last month with debts of almost 20 million pounds, according to the administrator’s report. The brand, which fell into administration in July, went under owing close to 20 million pounds, including 15.7 million pounds to its owner Kelso Place Asset Management, more than 500,000 pounds to the taxman and...

Design

Nicole Farhi rescued from administration

Luxury British label Nicole Farhi, which entered into administration earlier this month, has been rescued by Maxine Hargreaves-Adams, the owner of Fenn Wright Manson. In a short statement from Zolfo Cooper, which handled the administration, it stated that Hargreaves-Adams has acquired all six Nicole Farhi stores, its nine concessions, as well as...

Design

Ellie Louise goes into administration

Women’s fashion retailer Ellie Louise has gone into administration. Administrators from restructuring firm Zolfo Cooper said that the Leeds-based retailer had suffered ‘cash flow problems’ and its finances woes were ‘exacerbated’ by its 2010 purchase of the Trade Secret brand. Currently the company, which operated shops under the Ellie Louise,...

Design

Fenn Wright Manson in restructuring

Fenn Wright and Manson, the clothing retailer, is reportedly working with a restructuring firm to safeguard its future. According to the Independent, the women’s fashion brand, which was acquired by Darwin Private Equity in 2010, has called in Zolfo Cooper to explore a number of options. The company’s performance has deteriorated in recent...