21/08/2018
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Home > Daily News > Challenging Trading Conditions Send Henri-Lloyd Into Administration

Challenging Trading Conditions Send Henri-Lloyd Into Administration

31 stores and concessions hit by action

UK sail and sportswear retailer and manufacturer Henri Lloyd has entered administration, citing “challenging trading conditions on the high street” as the reason. Established in Manchester in 1963 by former Polish soldier Henri Strzelecki, the administration stands to affect some 31 sales outlets including seven stores and concessions within House of Fraser stores.

A statement from the company says: “Chris Ratten and Jeremy Woodside of RSM Restructuring Advisory have been appointed joint administrators of Henri Lloyd and Henri Lloyd International on 8 June 2018.” The exact number of jobs at risk is unknown but as a sign of the times on the UK high street, the House of Fraser recently announced it was closing several stores with the loss of 6,000 jobs.

Since being formed, Henri-Lloyd clothing had become a leading brand in the UK and internationally with a number of overseas dealers in a number of European countries and Australia. Strzelecki partnered with Angus Lloyd in the business and the former became known as ‘Waterproof Henri’ for his designs and he was awarded an OBE (Order of the British Empire) in 1985.

One of the administrators suggested: “It’s early days but we are talking to potential interested parties and working with our professional advisors to review the status of the business with a view to maximising the returns to creditors.”

The company’s seven stores are in UK boating centres such as Cowes, Lymington and Beaumaris plus two in Devon. Henri Lloyd clothing was used by the Land Rover BAR America’s Cup team.

Source: https://plus.ibinews.com/article/b6qLu5gS0U/2018/06/11/challenging_trading_conditions_send_henri-lloyd_into_adminis/