Irish contemporary womenswear business Fran & Jane Wholesale has ceased production of its eponymous own label.
Its store in Drogheda closed in January, along with concessions in Brown Thomas in Blanchardstown and Limerick. A remaining store in Dundrum closed on February 22. In total 24 full- and part-time staff have been made redundant.
A creditors’ meeting is due to be held at Dublin’s Harcourt Hotel on March 20 to decide whether to appoint a liquidator.
Its separately operated sister company, Fran & Jane, continues to run three stores in Blackrock, Cork and Clonmel, stocking brands such as contemporary label Tara Jarmon and casual jerseywear brand Charli.
David Rowe, chief financial officer of Fran & Jane Wholesale, said: “It’s very expensive putting a collection together. We also found that a lot of our competitors started going into mid-season Sale in September and October last year, while we had new stock going in.”
He added: “People in Ireland don’t have the disposable income they did five years ago. We didn’t have the money to wait for the recovery.”