Historic Savile Row men’s tailor goes into administration
Renowned Savile Row mens tailor Hardy Amies has gone into administration for the second time in just over a decade.
The historic fashion house, which was started by the Queens former dressmaker, is touting for buyers over its UK operations after “trading at a loss for some time”, its administrators said today.
Menzies are urging potential saviours to come forward “as soon as possible”.
As well as the companys UK operators and intellectual property rights, the firm is also looking to sell off its fashion archive, which it said could be of particular interest to museums looking to display its key designs and collections.
Freddy Khalastchi, business recovery partner at accountancy firm, Menzies, said: "Despite trading at a loss in the UK for some time, the Hardy Amies brand has a unique heritage, which is much-revered in the world of haute couture, and it very much deserves to live on. We are looking forward to talking with potential buyers in the coming days and weeks to find a way to make this happen."
The retailer last called in administrators in 2008 after failing to secure a rescue finance package following years of falling profits.