The package deal also included the More Joy brand and means the siblings now own the brand’s assets and intellectual property.

Administrator FTS Recovery handled the process and said: “The sale of the assets has managed to ensure repayment in full of the secured creditor and we anticipate that a distribution will also be made available to the preferential creditors.”

The company went into administration in June after failing to find a buyer or refinancing option, but will now continue as an independent label.

The Christopher Kane brand was previously majority owned by Kering, which bought a 51% stake in 2013 but sold it back to the Kanes in 2018.

Source: Fashion Network