Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

'Interested parties' for collapsed Hardy Amies

A sale is on the cards for British heritage menswear brand Hardy Amies, after it went into administration last week.

Freddy Khalastchi and Jonathan Bass of Menzies were appointed as administrators on 9 January, and are seeking a buyer for the UK operations and intellectual property rights

The loss-making UK business – which includes a flagship at 8 Savile Row in London and a website – is still trading. The administration will have no effect on the brand’s international operations, which are trading successfully, the administrators said.

A source close to the situation said: “There are interested parties and I am confident of a sale, but it really depends on what that person intends to do with it.”

Simon Carter, owner of menswear brand Simon Carter said: “It’s a very crowded market and I suggest that somebody will be more interested in picking up the lease because that’s a very nice piece of Savile Row real estate.

“Given that [private equity firm owner Fung Capital] did its best with it, and invested something between £10m and £20m, you wonder why anyone else would think they can do better.

“[Edinburgh Woollen Mill owner and CEO] Philip Day might be interested to add it to his stable, but he’s got plenty of heritage brands that he hasn’t done much with yet.”

Founded by English designer Sir Hardy Amies in 1946, the business was rescued out of administration by a subsidiary of Fung Capital in 2008.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.