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Daughter of Matalan founder buys Nicole Farhi

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Administrators for the collapsed luxury fashion brand Nicole Farhi have announced that the business has been sold to Maxine Hargreaves-Adams, the daughter of Matalan founder John Hargreaves.

The sale includes all six stores and nine concessions across the UK and Ireland, as well as the wholesale and e-commerce arms of the business.

Joint administrator Peter Saville, partner at Zolfo Cooper, said: “We are extremely pleased to have secured the sale of Nicole Farhi to Maxine Hargreaves-Adams, preserving a well-known retail brand. We wish Maxine and the company’s employees all the best for what we believe will be a successful future for the business.”

Nicole Farhi joins a portfolio that includes womenswear brand Fenn Wright Manson which Hargreaves-Adams acquired in 2012.

Hargreaves-Adams said: “I am delighted to announce that we have been able to acquire Nicole Farhi - an iconic and much loved British brand.”

Published on Monday 22 July by Editorial Assistant

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