Surf-inspired fashion retailer Animal will cease to operate by next year, marking the latest blow to the sector amid the coronavirus crisis.
The retailer plans to close all of its stores, website, concessions and business by 2021, seven years after initially filing for liquidation.
Founded in 1987 by surfers Ian Elliot and Nigel Broughton, the company currently has 29 stores and 236 stockists – including Debenhams, John Lewis, Millets and MenKind. It is based in Newbury, Berkshire.
Staff were reportedly informed this week and a consultation process will take place.
Animal was acquired by supplier and distributor H Young Holdings in 2014, at the time of its last administration.
In a statement, the company said: “As a result of the extremely challenging retail market which has now further worsened due to Covid-19, H Young announces it will be closing its Animal business by the end of January 2021.
“This will obviously be a very sad announcement for all Animal’s hardworking employees and its loyal customers. ln this period Animal will continue trading through its stores and its website and its clothing will also be available through its distributors. Finally we would like to thank everyone for all their support over these many years.”
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