BusinessCompany NewsSixty UK latest credit crunch victim

Sixty UK latest credit crunch victim

Vantis has been called in as administrators of young fashion label Miss Sixty

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.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor