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Difficult retail landscape claims another victim in Orla Kiely


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September 20, 2018     |     Posted by:     |     Category: Blog, Company Liquidation

More doom and gloom was cast upon the high street this week as Orla Kiely, the fashion and homeware retailer, ceased trading following the collapse of parent company Kiely Rowan.

Directors of Kiely Rowan placed the company in creditors voluntary liquidation after some “challenging” years in both online and high street retail.

According to Companies House records turnover of Kiely Rowan grew from £7.2m to £8.3m, however profits fell to £74,000 from £109.000. Staff were advised on Monday by founder and chief executive Orla Kiely on the retailer’s collapse and their imminent redundancy.

Although another high street name following a similar fate to that of Toys R Us and Maplin, the news is still surprising to many as the brand was viewed as having a strong following of celebrities and in touch with the next generation of shoppers. The company also had prominent stores on the King’s Road and Seven Dials in London, as well as Kildare in Ireland.

Is your business suffering in this climate?

If you are concerned that your business is dealing with financial difficulty and want advice on your options, HJS Recovery are here to help.

Call us today on 0808 1644 222 or contact us here.


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