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Owners battle to rescue Boudiche

Boudiche co-founder Clare Thommen is hopeful of buying back the two-store lingerie indie after it went into administration last week.

Sales slumped at the Scottish retailer during the recession and footfall fell at its Edinburgh store on Frederick Street due to nearby building works.

Thommen said: “There is definitely potential to grow the online business. Fiona [McLean, co— founder] and I are keen to stay on board, either with investment to buy back the company or as non-executive directors. However, we hope the business can carry on whether we stay on board or not.

“We’re in discussions with a couple of interested parties about investing and our administrator RSM Tenon is confident there will be a lot of interest.”

Boudiche’s Edinburgh and Glasgow Ingram Street stores have closed and online trading has been suspended. The indie’s 13 staff have been made redundant.
Boudiche turned over nearly £600,000 last year and online sales rose 75% year on year in the year to date. However, the two stores were badly hit by the recession and the Edinburgh store also saw a 40% drop in footfall as a result of tram works.

Joint administrator Tom Mac-Lennan, head of recovery at RSM Tenon in Scotland said: “Boudiche was a rising star in the quality lingerie market, with the potential for further development. The administration offers an exciting opportunity for an entrepreneur.”

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