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CDU administrator vows to fulfil orders

Stockists of occasionwear brands Frank Usher, Michel Ambers, Coterie and Dusk will receive the “majority” but not all of the outstanding orders for spring 11, after the brands’ manufacturer, CDU, went into administrative receivership last month.

Restructuring firm MCR, which was appointed administrator, said CDU would trade as normal while it sought a buyer for the AIM-listed business, and that it had received “strong” and “credible” interest in it.

Administrative receiver John Whitfield said: “We are talking to CDU’s customers to confirm outstanding orders to ensure continuity of product is maintained.”
Whitfield declined to specify which or how many outstanding spring 11 orders would not be delivered, or whether the potential buyers for CDU were trade or
equity buyers.

CDU was known as Slimma until February, when the company sold its eponymous mainstream womenswear brand and Splendour lingerie brand to N Brown subsidiary JD Williams, and rebranded as CDU.

It operates from offices in London and Leek in Staffordshire. Its 44 employees have been unaffected so far.

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