Womenswear occasionwear label Aftershock Wholesale has gone into liquidation and has instructed insolvency firm Abbott Fielding to convene a meeting with creditors tomorrow.
Aftershock Wholesale boss Hiro Harjani told Drapers that several factors had led to the brand’s demise including the collapse of Irish chain A-Wear, where it had concessions; its bankers reducing its facility and independents suffering from tough trading.
A large group has placed an offer to acquire Aftershock Wholesale and take a stake in Aftershock London, a retail company that trades as a separate entity, Harjani said. Aftershock London, which comprises three stores and a website, remains unaffected by the liquidation.
Creditors will vote later today on which company to appoint as liquidator.