Fashion designer Christopher Kane files to appoint administrators
The retail brand was founded by Christopher Kane and his sister Tammy Kane in 2006.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Scottish fashion designer Christopher Kane’s company is on the brink of collapse after it filed a notice to appoint administrators.
The business has filed its intention to appoint insolvency experts from FTS Recovery as administrators, to protect it from its creditors as it fights for survival.
The retail brand, which was founded by Christopher Kane and his sister Tammy Kane in 2006, said it has filed the notice in a last-minute bid to help it secure a rescue plan which could involve a refinancing or new buyer.
Mr Kane’s label grew rapidly in popularity, with famous fans such as Anna Wintour and Alexa Chung, before luxury giant Kering bought a 51% majority stake in the business in 2013.
However, the French firm sold the brand back to its founders in 2018.
A spokesman for Christopher Kane Limited said: “The board of Christopher Kane Limited has recently resolved to file a notice of intention to appoint FTS Recovery as administrators.
“This difficult decision has been reached to give the company sufficient time to implement a rescue plan.
“Key stakeholders have been notified.
“A period of accelerated marketing activity will now follow, with a view to locating potential interested parties to either refinance the company’s existing debt, or alternatively locate a purchaser for the business and assets.”