Overview
- Reports say the womenswear label has entered administration after filing a notice of intention to appoint administrators earlier in the week.
- Restructuring firm Alvarez & Marsal has been advising the company during the process.
- Next is assessing a cut‑price offer focused on the brand and intellectual property rather than taking on the store estate, with the company declining to comment.
- Analysts have also pointed to potential interest from TFG London while Marks & Spencer has indicated it is not looking to acquire the business.
- Latest accounts show a £3.5 million post‑tax loss on £42.1 million turnover, with the UK footprint down to nine standalone shops and about 13 concessions.