Fenn Wright Manson, the high end women's fashion retailer has filed an intention to appoint an administrator. This has given the retailer 10 days to appoint an administrator. Meanwhile the company has a moratorium placed around it which will give it some protection from its creditors.
The womenswear chain, has 17 stores and also has concessions in John Lewis and House of Fraser. The firm is working with restructuring specialist Zolfo Cooper to secure its survival.
The retailer was bought by Darwin, the private equity firm in October 2010 in a deal which saw its last remaining founder Colin Fenn exit the business. There have been a fair amount of private equity backed retail businesses that have floundered recently. They include Tobar, Hawkins Bazaar and Past Times.
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Blogged by Robert Moore