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Hardy Amies' future uncertain

The future of Hardy Amies is uncertain after its major stakeholder failed to supply further funding.

Share trading in the menswear tailoring business, which is listed on AIM, has been suspended pending clarification of the company's financial position.

The company recently requested further funding from major shareholder Arev Brands, which has provided significant financial support for the business.

However, a statement from Hardy Amies this morning said that Arev informed the company late yesterday afternoon that it was unable to provide the required finance.

Directors are considering the options for the company which could involved putting the business into administration.

Readers' comments (1)

  • It's a real shame that investors get cold feet like this and leave a company high and dry just as it's starting to get its act together. Still if you start opening expensive stores in high profile locations when you don't really have much brand awareness with joe public, you are playing a risky game, especially in today's economic climate.

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