×
46
Fashion Jobs
ESTEE LAUDER
bb/cl/el/jm/lm/Mac/tf - Freelance Consultant - Auckland - on-Call/Freelance
Permanent · Auckland
LULULEMON
Store Manager | Takapuna
Permanent · Auckland
LULULEMON
Educator | Wellington
Permanent · Wellington
JD SPORTS
Apparel Department Manager - Sylvia Park
Permanent · Auckland
JD SPORTS
Part Time Sales Assistant - New Store Opening - Manukau
Permanent · Auckland
JD SPORTS
Full Time Sales Assistant - New Store Opening - Manukau
Permanent · Auckland
JD SPORTS
Casual Sales Assistant - New Store Opening - Manukau
Permanent · Auckland
FOOT LOCKER
Part-Time Sales Associate
Permanent · Christchurch
LULULEMON
Store Manager | Mount Maunganui nz
Permanent · Tauranga
JD SPORTS
Assistant Store Manager - New Store Opening - Manukau
Permanent · Auckland
LULULEMON
Key Leader | Queenstown
Permanent · Queenstown
LULULEMON
Store Manager | Commercial Bay Auckland | New Zealand | 12 Month Contract
Fixed-term · Auckland
LULULEMON
Assistant Store Manager | The Mount
Permanent · Mount Maunganui
JD SPORTS
Instore Visual Merchandiser - Sylvia Park
Permanent · Auckland
FOOT LOCKER, FOOT LOCKER
Part-Time Sales Associate
Permanent · Auckland
JD SPORTS
Floor Manager - New Store Opening - Manukau
Permanent · Manakau
JD SPORTS
Footwear Supervisor - New Store Opening - Manukau
Permanent · Auckland
JD SPORTS
Apparel Department Manager - New Store Opening - Manukau
Permanent · Manakau
JD SPORTS
Back of House Supervisor - New Store Opening - Manukau
Permanent · Auckland
JD SPORTS
Apparel Supervisor - New Store Opening - Manukau
Permanent · Auckland
JD SPORTS
Pos Supervisor - New Store Opening - Manukau
Permanent · Auckland
ESTEE LAUDER
jo Malone-Britomart-Stylist-Part Time
Permanent · Auckland
Published
May 16, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amanda Wakeley set for liquidation after 2021 administration

Published
May 16, 2022

Amanda Wakeley’s signature luxury fashion business is finally being liquidated having collapsed into administration last May after failing to secure a buyer or extra funding.


Amanda Wakeley


Trading under the name AW Retail, the business operated through a Mayfair, London, flagship store, as well as online and through concessions at high-end department stores.
 
Clare Lloyd and Colin Hardman of Smith & Williamson (S&W) were appointed as joint administrators after its collapse, saying at the time that the company’s trading performance “had suffered due to the current pandemic conditions, in particular at its Mayfair store and its concessions, both of which were forced to close due to lockdown measures”.

Although trading had continued through its e-store and premium teleshopping channels, S&W said: “It needed additional working capital investment to proceed in its intended strategic direction. Regrettably, that funding was not forthcoming.
 
“After instructing Smith & Williamson LLP to undertake a review of options, the company sought to find a purchaser for the business”.
 
The liquidation news was reported by BusinessLive.
 
Wakeley herself said last May: “During the pre-administration phase, the company’s staff worked tirelessly with me, and Smith & Williamson, to maximise sales and mitigate the impact of insolvency on the company’s creditors. To this core team and those who have worked at Wakeley over the years, thank you. I am also very grateful for the support and expertise of our leading equity investor [AGC Equity Partners] who has been a valuable partner since 2012. To our customers, it is an honour to design for you.”
 
In an update to creditors in December 2021, S&W said it “had not been possible to secure a going concern sale of the business”.
 
When the administrators were appointed, 12 non-disclosure agreements were entered into regarding the purchase of stock while nine members of staff were made redundant.
 
The brand, which was launched in 1990 and was backed by AGC Equity Partners in 2012, had planned to launch into the US in 2021/2022, but the move was put on hold due to the pandemic.
 
A notice has now been filed with Companies House to move from administration to creditors voluntary liquidation.
 

Copyright © 2022 FashionNetwork.com All rights reserved.