Sixty UK latest credit crunch victim
Vantis has been called in as administrators of young fashion label Miss Sixty
Young fashion label
Sixty has become the latest victim of the credit crunch as it fell into
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.