The Hardy Amies store on Savile Row could be closed after the brand entered administration earlier this month, Drapers understands.
Although a sale is on the cards for the British heritage menswear brand, the store could be closed in an effort to rescue the loss-making UK business.
A source close to the situation said: “There is significant interest in the brand, but who knows whether that involves rescuing the shop itself. [The group] is trying to secure as many retail roles as possible with other brands [in the group].”
Shop staff have suggested the Savile Row store may close in the coming weeks.
One source told Drapers: “The store is still trading although the employees suggested it may close after the end of next week. One of them said they have been told they are out of a job. I hope it gets bought because the suits are actually great but looking back they were clearly pricing everything very low.”
Freddy Khalastchi and Jonathan Bass of Menzies were appointed as administrators on 9 January.
Drapers has contacted the administrators for comment.