Liquidators have been called in for the group of companies behind young fashion chains Miss Sixty and Energie - however UK stores will continue to trade as normal after being saved by a new holding group.
The companies, which own the UK stores, are now being wound down, however the leases for the six UK stores have been transfered to new company Sixty Retail UK and they will continue to trade as normal with all staff now working for the new company.
Stores include shops in Westfield Stratford, on High Street Kensington and on Covent Garden’s Neal Street.
Sixty Distribution, Sixty Retail, Sixty Multibrand, Sixty East, Sixty West, Sixty Fashion and Sixty Diffusion, which all trade as Miss Sixty and Energie, have appointed Stephen Robert Cork and Joanne Elizabeth Milner, both of Cork Gully, as liquidators.
A notice on the London Gazette said “the companies cannot, by reason of their liabilities, continue their business”, adding it was advised that “the companies be wound up voluntarily.” However a spokesperson from Miss Sixty explained despite the liquidation the leases have been transferred to a new company,
In November last year Drapers revealed Miss Sixty was set to disappear from the UK wholesale market.
However in February it seemed the young fashion businesses could be safeguarded following a deal with the Italian government.
Pan Asian group Crescent HydePark, which bought Sixty Group in May, was understood to have inked a deal with the Italian government and local authorities to create a new company, which would manage Sixty Group’s portfolio of brands under a five year licencing agreement.
Sixty Group did not respond to requests for comment and no one from the liquidator was available for comment.