In a statement, the company said: “Key stakeholders have been notified. A period of accelerated marketing activity will now follow, with a view to locating potential interested parties to either refinance the company’s existing debt, or alternatively locate a purchaser for the business and assets.”

Founded 17 years ago, 51% of the brand was purchased by Kering in 2013 before the founder bought it back in 2018.

Source: WWD