LONDON – Christopher Kane, one among London’s best-known and most talented designers, is closing the label, and hoisting a For Sale sign, the corporate confirmed Wednesday.
The corporate said the board of Christopher Kane Ltd. has recently resolved to file a notice of intention to appoint FTS Recovery as administrators to wind down operations.
“This difficult decision has been reached to offer the corporate sufficient time to implement a rescue plan,” principals said.
“Key stakeholders have been notified. A period of accelerated marketing activity will now follow, with a view to locating potential interested parties to either refinance the corporate’s existing debt, or alternatively locate a purchaser for the business and assets,” company principals added.
Christopher Kane founded his company 17 years...
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