thecrashingisles Posted July 3, 2013 Share Posted July 3, 2013 (edited) http://www.bbc.co.uk/news/business-23164295 The upmarket fashion and homewares retailer Nicole Farhi has gone into administration. The retailer was founded in 1982 by the French Connection boss Stephen Marks and Nicole Farhi herself, who was his partner at the time. Nicole Farhi has five standalone stores and also sells its clothing in department stores Harvey Nichols, House of Fraser and Selfridges across the UK. Trading will continue while it holds talks with interested parties. The restructuring specialists Zolfo Cooper have been appointed to advise the firm, which employs 75 staff across its retail network, and has another 44 staff employed at its headquarters in London. 'Powerful brand' The company has had two different owners in the past three years. At one time it also ran food outlets in London and New York. Peter Saville, a partner at Zolfo Cooper said: "Nicole Farhi is a very powerful retail brand. Unfortunately, as with many other fashion retailers, the decline in high street spend coupled with rising costs has led to increased financial pressures on the business. Edited July 3, 2013 by thecrashingisles Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 3, 2013 Share Posted July 3, 2013 They were hemmed in. Cue puns! Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted July 3, 2013 Share Posted July 3, 2013 'Nicole Farhi is a very powerful retail brand. ' powerful sense of irony our Peter. Quote Link to comment Share on other sites More sharing options...
NuBrit Posted July 3, 2013 Share Posted July 3, 2013 Ain't heard of it! Then again, I probably don't move in those kind of circles. Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted July 3, 2013 Share Posted July 3, 2013 Obviously didn`t cut their coat according to their clothes.. Quote Link to comment Share on other sites More sharing options...
Tonkers Posted July 3, 2013 Share Posted July 3, 2013 I am wearing a Nicole Fahri linen jacket today, that I bought 20 years ago from a charity shop. Don't know about now, but she did make quality... Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 3, 2013 Share Posted July 3, 2013 Never heard of it. Quote Link to comment Share on other sites More sharing options...
Diver Dan Posted July 3, 2013 Share Posted July 3, 2013 Sounds like they've been stitched up. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted July 3, 2013 Author Share Posted July 3, 2013 Sounds like they've been stitched up. It was the Quantitative Weaving which finished them off. Quote Link to comment Share on other sites More sharing options...
winkie Posted July 3, 2013 Share Posted July 3, 2013 Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted July 3, 2013 Author Share Posted July 3, 2013 No, not Roger Daltry. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted July 3, 2013 Share Posted July 3, 2013 (edited) Nicole Farhi and Kerry Katona in just one day. The end of the world as we know it. (wonder if NF is a pre-pack...get rid of the debt and carry on as before) I hear they're making a film about the collapse, subsequent finance & pre-pack. The working title is... 'A Bridging Loan to Farhi' Edited July 3, 2013 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted July 3, 2013 Share Posted July 3, 2013 I hear they're making a film about the collapse, subsequent finance & pre-pack. The working title is... 'A Bridging Loan to Farhi' A classic of the genre if you don't mind me saying. Quote Link to comment Share on other sites More sharing options...
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