Christopher Kane is to appoint insolvency administrators this week with the business on the brink of collapse. The London Fashion Week brand has reportedly hired FTS Recovery in the hope of securing an investor to save the company.
“This difficult decision has been reached to give the company sufficient time to implement a rescue plan,” the label said in a statement to WWD. “A period of accelerated marketing activity will now follow, with a view to locating potential interested parties to either refinance the companys existing debt, or alternatively locate a purchaser for the business and assets.”
The news will come as a shock to many in the industry with Chri…
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