The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — A business restructuring firm says British designer fashion chain Nicole Farhi has filed for a form of bankruptcy.
Restructuring experts Zolfo Cooper says it is in talks to sell the brand, one of Britain's best-known luxury clothing chains and a regular at London Fashion Week.
Nicole Farhi was founded in 1982 by the designer and her then-partner, Stephen Marks.
It has a flagship store in central London's swanky Mayfair area as well as five other shops and concessions in British department stores.
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Peter Saville, a partner at Zolfo Cooper, said Wednesday that Nicole Farhi has gone into administration, a form of bankruptcy in the U.K. He added the fashion house was facing increased financial pressures as a result of a decline in consumer spending and rising costs.
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From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
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