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Paul Costelloe license owner in administration

UPDATED: Signature Brands, the supply group that operates the Paul Costelloe womenswear collection and the Four Seasons and Dannimac brands, has gone into administration.

Signature Brands has appointed Ernst & Young as administrator.

Ernst & Young confirmed the appointment but said it was too early to comment further. A spokeswoman could not confirm whether the business was still trading.

Sources said that staff had been told not to come to work today.

Signature Brands specialises in womenswear and outerwear and supplies the likes of House of Fraser and John Lewis with its collections. It wholesales its brands but also runs concessions. Its concessions are understood to be unmanned today but stock is said to still be on the shopfloor.

Paul Costelloe also has some standalone stores.

Its other brands are Rainman, Cloud Nine, Telemac, Aquarury, Thomas Marshall and Wetherall.

Paul Costelloe, who still designs his namesake collection, is believed to have retained the overall rights to his name when the license deal with Signature Brands was signed in 2000.

More to follow…

 

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