Nicole Farhi in the Firing Line
Founded in 1982 the label which has six stores, 10 concessions in department stores and a wholesale division announced a collapse of the business and more than 120 jobs hang in the balance. Nicole Farhi told ‘The Evening Standard’ that she was “heartbroken” by the collapse of her label and confirmed that it would not be possible to personally buy her label back from the administrators. Nicole Farhi will continue to trade while it is up for sale and business for the time being, will continue as normal for customers with gift vouchers or returns.
A regular on the LFW schedule the label would often show in grand
locations such as The Royal Opera House
While the news is another shocking scar in this unforgiving financial climate retail analysts reveal that the label had become ‘complacent’ over the last few years with competitors in the market moving in and creating a more attractive offer.
However, Peter Saville, partner at Zolfo Cooper the firm appointed to handle the administration, is optimistic that is isn’t the end of the line for the label and stated that discussions are already underway in a number of interested parties.