Womenswear clothing brand Autonomy enters administration with all its 44 employees made redundant.
Administrators, Tony Wright and Alastair Massey of FRP advisory, were appointed last week.
All concessions and stores were immediately closed temporarily following the governments coronavirus guidance last month. Now we hear there are no plans to have the stores re-opened when the COVID-19 crisis is over.
Founded more than 15 years ago, the brand had three standalone stores in Bideford (Devon), Newcastle-under-Lyme and Tillicoultry (Scotland). It has over 100 concessions in department stores such as TJ Hughes, Beales, Boundary Mill and The Original Factory Shop.
‘’Autonomy was a brand with a loyal customer base, but unfortunately the challenges facing the business left the company with no option other than to appoint administrators as it was unable to generate cashflow to remain solvent.’’
‘’Our priority is now to support those employees affected and we will be working with the Redundancy Payments Service to do so. We would also urge any parties interested in acquiring the brand and associated assets to contact us as soon as possible.’’