E&Y administrators called to Henleys
Manchester-based clothing retailer Henleys appoints Ernst & Young's Tom Jack and Simon Allport joint administrators
ERNST & YOUNG administrators have been called to Manchester-based clothing retailer Henley’s.
Tom Jack and Simon Allport were appointed joint administrators and have closed all 18 Henley stores with the loss of 210 jobs.
The company will continue to supply clothing to several UK and overseas retailers. It’s online business will remain unchanged.
Jack, partner at Ernst & Young, said: “Henley’s Retail has been suffering from poor trading conditions due to fragile consumer confidence, coupled with high lease contracts which were agreed at the height of the property market.”
The job losses comprise of 60 full time staff, 130 part-time, and 20 warehouse and support employees.