Wednesday, 19 September 2018
Queen of Prints, Orla Kiely's fashion brand set for liquidation
Orla Kiely, the brand known for its 1970s-inspired prints and favoured by the Duchess of Cambridge and Alexa Chung, has closed its stores and website in the UK and Ireland after its parent company, Kiely Rowan, appointed administrators to wind down the company.
The company, named after the Irish designer who owns it – known as the “queen of prints” – and her husband, Dermott Rowan, said it was entering voluntary liquidation “following various challenges that have faced the company over the past few years, both in the UK and abroad”.
Insolvency practitioners David Rubin & Partners have been appointed to handle the winding down of the handbag and fashion business, which includes stores on King’s Road and Seven Dials in London and one in Kildare, Ireland.
A spokesman said the insolvency process, under which all assets of the business are sold to pay off creditors, had just commenced and the company would not be placed into liquidation until the beginning of October.
Read more here
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