Radley is set to close its final standalone stores as it prepares to disappear from the high street following its administration earlier this year.
The accessories retailer’s remaining stores in Covent Garden, London, and Glasgow are expected to shut by the end of August, according to reports, while its 19 concessions are understood to be trading into September before closing.
The closures come three months after Radley collapsed into administration and its brand and intellectual property were snapped up by Poundland owner Gordon Brothers in a pre-pack deal.
The acquisition did not include Radley’s UK retail operations, putting its store estate at risk and resulting in 42 immediate job losses.
At the time, administrators FTI Consulting said the collapse followed a “sustained period of challenging economic conditions for the retail environment”, including weaker customer demand and rising operating costs.
Radley has been running a closing-down sale with discounts of up to 70 per cent as it clears remaining stock, while its UK website was scheduled to cease trading at midnight on 19 August.
The British accessories brand had been under mounting financial pressure before its administration. Its pre-tax losses widened to £5.5m in the year to 26 April 2025, compared with £1.7m a year earlier, while turnover dropped from £72m to £65.8m.
Former owner Freshstream, which acquired Radley in 2016, had put the business up for sale earlier this year, with Next among the retailers previously linked to a possible deal.
Gordon Brothers ultimately acquired the brand with plans to move Radley towards an asset-light operating model focused on wholesale, licensing and international expansion.
The investment firm said in May that it intended to grow Radley across the UK, US, Australia and Asia, while expanding into new product categories and strengthening relationships with retail partners.
Gordon Brothers head of brands Tobias Nanda said at the time: “Our goal is to invest in Radley and support the brand’s next phase of development, expanding the brand’s footprint in the U.S., U.K., Australia and Asia so future generations can experience the best of British craftsmanship.”
The closure of Radley’s remaining stores will bring an end to its directly operated UK high street presence, although Gordon Brothers’ acquisition means the Radley name itself is expected to continue through an increasingly wholesale and licensing-led model.
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