Maxine Hargraves-Adams acquires Nicole Farhi

Fashion

Maxine Hargraves-Adams acquires Nicole Farhi

The much adorned British fashion label - Nicole Farhi is out of administration, as Fenn Wright Manson (FWM) owner Maxine Hargraves-Adams has purchased the chain, after a round of negotiations with administrators Zolfo Copper.

 

The much adorned British fashion label - Nicole Farhi is out of administration, as Fenn Wright Manson (FWM) owner Maxine Hargraves-Adams has purchased#

The acquisition includes all six stores, nine concessions across the UK and Ireland and the wholesale and e-commerce branches of the Nicole Farhi business. The sale also comes as a relief for over 100 employees of the chain in UK, whose jobs were at stake following the firm’s slipping into administration.

 

The much adorned British fashion label - Nicole Farhi is out of administration, as Fenn Wright Manson (FWM) owner Maxine Hargraves-Adams has purchased#

Ms. Maxine, who acquired the fashion chain for an undisclosed sum, said, “I am delighted to announce that we have been able to acquire Nicole Farhi - an iconic and much-loved British brand.” 

 

The much adorned British fashion label - Nicole Farhi is out of administration, as Fenn Wright Manson (FWM) owner Maxine Hargraves-Adams has purchased#

The Nicole Farhi acquisition is third in line for Ms. Maxine, who acquired womenswear brand FWM in March 2012 and a 50 percent stake in Damsel in a Dress earlier this year. 

 

The much adorned British fashion label - Nicole Farhi is out of administration, as Fenn Wright Manson (FWM) owner Maxine Hargraves-Adams has purchased#

Peter Saville, Partner at Zolfo Cooper, which sold FWM to Ms. Maxine last year said: “We are extremely pleased to have secured the sale of Nicole Farhi to Maxine Hargreaves-Adams, preserving a well-known retail brand.” 

 

The much adorned British fashion label - Nicole Farhi is out of administration, as Fenn Wright Manson (FWM) owner Maxine Hargraves-Adams has purchased#

Unable to handle financial pressures arising out of waning demand, contracting margins and rising costs, Nicole Farhi last month slipped under administration.

 

The much adorned British fashion label - Nicole Farhi is out of administration, as Fenn Wright Manson (FWM) owner Maxine Hargraves-Adams has purchased#

Incorporated by French-born designer Nicole Farhi and former head of French Connection Stephen Marks in 1982, the company has witnessed frequent changes in ownership over the past three years.

 

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