Brooks Brothers UK Limited (05484327): administration
- Status
- Administration ended
- Administration began
- 2021-03-31
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2005-06-17
- Location
- London
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Property / lease costs
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was established in 2005 to act as the UK operating company for the famous “Brooks Brothers” US clothing brand, one of America’s oldest clothing retailers, offering high quality stylish modem clothing and fresh takes on heritage designs for men, women and children.
The Company employed a workforce of retail staff with most head office and administrative functions undertaken by its European sister company, Brooks Brothers Europe sri (“BB Europe”). The Company's managing director was Luca Gastaldi, with Stephen Kane also appointed in a non-executive role. Latterly the Company operated from four leasehold shops located in Bicester Village, Regent Street, Westfield Shepherds Bush and the Icon O2 Arena respectively, with the majority of the stock for all locations held at the Bicester Village shop as well as at a third party storage facility in Bicester.
As a consequence of the global COVID-19 pandemic, the Company was forced to close its shops for extended periods during 2020 and early 2021 upon the introduction of government mandated restrictions on non-essential retail implemented during the course of three national lockdowns; firstly between March and June 2020, secondly for four weeks in November of 2020, and thirdly from the beginning of January 2021.
Administrators' statement of proposals (2021-06-01) · Companies House register