Henri Lloyd goes into administration

The Henri Lloyd store in Cowes © Henri Lloyd

Henri Lloyd, the fashion and clothing brand, has gone into administration. The closure of the popular fashion retailer, which has been synonymous with the marine industry since 1963, was announced last Friday afternoon (8 June), as shops closed for trading.

In a statement, the company said: ‘Chris Ratten and Jeremy Woodside of RSM Restructuring Advisory LLP have been appointed joint administrators of Henri Lloyd Limited and Henri Lloyd International Limited.’

Mr Ratten, RSM Restructuring Advisory partner and one of the joint administrators, said: “The decision to appoint administrators was made due to challenging trading conditions on the high street.

“It’s early days but we are talking to potential interested parties and working with our professional advisors to review the status of the business with a view to maximising the returns to creditors.”

The firm, which was founded in Manchester by Angus Lloyd and Henri Strzelecki in 1963, now counts Tour de France winners Team Sky on its books and Kate Middleton, Duchess of Cambridge, among its supporters.

Henri Lloyd has seven stores around the UK, including two in Devon, with others in Cowes, Lymington, and Beaumaris. Henri Lloyd clothing has also been sold in numerous House of Fraser outlets across the country – another household high street brand facing difficulties.

More on this story from thisismoney.co.uk and devonlive.com