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Nicole Farhi brand goes into administration

The High Street brand has gone into administration

Another iconic High Street brand, fashion retailer Nicole Farhi, has gone into administration.

The brand has been a presence on the High Street since it was founded in 1982, offshooting from French Connection.

Zolfo Cooper has been appointed to advise the firm in administration.

"Nicole Farhi is a very powerful retail brand. Unfortunately, as with many other fashion retailers, the decline in high street spend coupled with rising costs has led to increased financial pressures on the business,” said Peter Saville, partner at Zolfo Cooper.

"We are already in discussions with a number of interested parties who value the strength of the Nicole Farhi brand.

"We intend to continue to trade the business and will be working hard to identify the best possible outcomes regarding preservation of jobs, the value of the business and returns to creditors. As this work continues we will make further announcements as appropriate."

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