Christopher Kane to Appoint Insolvency Administrators | BoF – The Business of Fashion

Christopher Kane was once one of the buzziest labels on Londons fashion week schedule. Now, the company is on the brink of bankruptcy.

On Wednesday, the company said its board will file an intention to appoint insolvency firm FTS Recovery as administrators, with a goal to either refinance the companys existing debt or find a buyer.

This difficult decision has been reached to give the company sufficient time to implement a rescue plan, the label said in a statement. 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 company declined to comment further.

In 2006 C…

Read the full article at: https://www.businessoffashion.com/articles/luxury/christopher-kane-administrators-collapse-buyers/