Niche clothing trailblazer High & Mighty, which specialises in men’s outsize fashion, is to be sold in a process likely to involve a pre-pack administration.
A deal is being concluded today and directors have filed notice of intention to appoint administrators in the courts..
Founded in 1956 by entrepreneur Bernard Levy, the family-owned retailer originally traded as The Outsize Manshops and was one of the first to cater for the growing market for large-size clothes. High & Mighty sells brands including Animal, Pierre Cardin, Polo Ralph Lauren and Ben Sherman.
The retailer, in which venture capital firm 3i once held a 25% stake, has struggled in recent years as the internet offered shoppers greater choice and other retailers, such as home shopping giant N Brown, muscled in on the market.
The identity of High & Mighty’s buyer is unknown but the retailer has held discussions with a number of parties including SKG Capital, a private equity firm specialising in turnaround situations.
US specialist retailer Rochester, which caters for a similar market to High & Mighty and has a store on London’s Brompton Road opposite Harrods, is also thought to be among the contenders.
High & Mighty has 23 UK stores and shops in Belgium, the Netherlands, Iceland, Kuwait and Saudi Arabia. No comment was available from High & Mighty chief executive Judith Levy.