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

Patrick Cox sold for £2.5m

Patrick Cox, the footwear brand, has been sold to entrepreneur Lord Eddie Davenport for £2.5 million.

Davenport is understood to have signed the deal, which secures the future of the footwear brand, within the last fortnight. Last month Patrick Cox closed its London office because of financial difficulties.

However this weekend, The Mail on Sunday reported that Cox was unhappy about the sale to Davenport, who is known as much for his lavish lifestyle and partying as for his business deals. Cox is understood to be worried his label will be taken “downmarket” by Davenport.

However Davenport told the newspaper: “Patrick isn’t happy because of my racy lifestyle, but we are sure he will stay on board as chief designer.”

He added: “There has been a lot of boardroom bitching - you get that in fashion. The trouble is, Patrick has behaved like a prima donna. He wrongly assumed I was going to take it down-market, which is rubbish. I actually want to compete with Jimmy Choo.”

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.