The directors of British outerwear brand Parka London are planning to place the business into creditors’ voluntary liquidation, Drapers has learned.
In a note to creditors, seen by Drapers, the decision was reached “having regard to the company’s financial position”.
A virtual creditors meeting is being held on 14 March at 11.15am to decide on the liquidator. Jonathan Sinclair of Sinclair Harris is the proposed liquidator.
One supplier said: “I’m owed a lot of money. I’ve tried to contact them but there has been radio silence. The brand has a good wholesale following and is in good stockists. It has a big presence in UK indies.”
Parka London launched in 2013 and is based in Kentish Town, north London. It has 38 independent stockists in the UK including Psyche and Jules B, its website says.
The brand is run by Stephen Lever, who is also managing director at womenswear brand Twisted Sister and high street supplier Harvest Group, which works with retailers including Next and River Island, the website says.
Parka London and Sinclair Harris declined to comment.