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Seraphine Suspends Trading as Insolvency Administrators Weigh Rescue Options

Assessing investor bids through sales of the brand or its operating assets will determine whether Seraphine survives or liquidates.

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Vor allem durch eine prominente Kundin wurde Seraphine weltweit bekannt. Nun ist der Modehersteller insolvent.

Overview

  • Seraphine filed for insolvency on July 8, appointing Interpath partners Will Wright and Chris Pole as joint administrators.
  • The maternity wear brand halted all trading on July 7 by closing its London boutique, taking its online store offline and refusing new orders.
  • Most of Seraphine’s 95 employees have been laid off following the suspension of operations.
  • Rescue efforts include possible sales of the Seraphine brand and intellectual property under the UK insolvency process.
  • An April brand relaunch and May investment talks failed to offset rising costs and weak consumer demand that led to the collapse.