Particle.news
Download on the App Store

Gandys Enters Administration and Launches Closing-Down Sale

A sudden loss of funding pushed the mission-led retailer into insolvency proceedings.

Overview

  • The lifestyle brand is running a final clearance with discounts of up to 75% online and at its Covent Garden store.
  • Gandys, which filed a notice on March 25 citing a sudden withdrawal of funding, has entered administration.
  • Law firm Ellisons Solicitors is representing the company as the case continues with no buyer announced.
  • In the UK, administration is a legal process that shields a firm from creditors while a rescue, sale, or orderly wind-down is considered.
  • Founded in 2012 by brothers Rob and Paul Forkan, the brand grew from flip-flops into travel gear and helped fund schools in Ghana, Kenya, and Bali, drawing fans such as Prince William and Richard Branson.