Sixty UK latest credit crunch victim

Young fashion label Miss Sixty has become the latest victim of the credit crunch as it fell into Vantis’ administration yesterday, the same week as Saville Row tailor Hardy Amies, former dressmaker to the Queen, collapsed after a failed rescue attempt.

Peter Hollis and Nick O’Reilly, client partners of the Vantis Business Recovery division, have been appointed joint administrators to Sixty UK.

Vantis said the Sixty UK business, which also controls the Energie fashion brand, has 12 high street stores and operates concessions in department stores such as House of Fraser, was currently operating as normal and all stores would stay open. Supplies to concessions and independents would be unaffected.

‘It is hoped arrangements will be reached that will enable the business to continue into the future. There have been no redundancies at either head office or any outlets,’ Vantis said.