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.”