Rugby clothing maker and multiple club sponsor Canterbury Europe has entered
David Costley-Wood and Brian Green of KPMG have been appointed joint
administrators of the rugby sportswear specialist that boasts sponsorship of
London Wasps, Leinster, Cardiff and the Scottish national team.
It also sponsored football, cricket and golf, including deals with Portsmouth
Football Club, Lille and Yorkshire and Hampshire Cricket Clubs.
All sponsorship contracts have been terminated as a result of the
administration and the affected clubs will rank as unsecured creditors in
relation to any amounts they were owed for the remainder of the contract.
The Scottish Rugby Union was 12 months into a £4m, four-year deal with
Canterbury to supply its kit, and has cancelled today’s launch of its new strip.
Canterbury Europe Limited is the European arm of the Canterbury Group, which
is not in administration and is trading as normal. Its UK operation is based in
Stockport, Cheshire and employs 86 people. As a result of the administration, 72
members of staff have been made redundant.
Costley-Wood said: ‘This administration has been the culmination of difficult
trading, following a period in which Canterbury Europe Limited had
unsuccessfully tried to expand into new areas. The company has also been hit by
the weakening of the pound, as it imports its goods from the Far East.
‘The European business will continue to trade under the administration whilst
we try to find a buyer for the business and assets.’
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