Scottish lingerie independent Boudiche has been placed into administration after sales slumped during the recession and footfall fell at its Edinburgh store due to nearby construction work.
The directors of Boudiche have appointed RSM Tenon as administrators.
Boudiche’s Edinburgh and Glasgow stores have closed and online trading has been suspended. The indie’s 13 staff have been made redundant.
Boudiche said its two retail stores had been severely affected by the recession and its Edinburgh store had also been badly affected by Edinburgh’s tram works, which lead to an estimated fall in footfall of 40%.
Joint administrator Tom MacLennan, head of recovery at RSM Tenon in Scotland said: “Boudiche is a very high profile brand and was a rising star in the quality lingerie market, with the potential for further development, in particular the online business. The administration offers an exciting opportunity for an entrepreneur to acquire the brand and assets and develop the business. We would urge interested parties to make contact with us as soon as possible.”
Director and founder Claire Thommen said: “It is with deep regret that we have placed Boudiche into administration. Despite our best efforts and an extensive search for funding we were unable to secure the investment required to continue. We will continue to seek investment and hope to buy back the brand. In the meantime, we would like to thank everyone who has worked with us and helped us over the years.”
Thommen and Fiona McLean launched Boudiche in 2005 with a store in Edinburgh before opening a second store in Glasgow in 2008.