KPMG LLP appointed administrators of American Apparel

KPMG LLP appointed administrators of American Apparel

Jim Tucker and Richard Beard of KPMG LLP were appointed joint administrators of American Apparel (UK) Ltd and American Apparel (Carnaby) Ltd (“the Companies”) this morning, 8 November 2016.

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The companies run the UK retail and wholesale operations of the US branded high street fashion retailer American Apparel. The UK business trades from 13 stores.

American Apparel’s brand and US business is being sold, although the UK and certain European operations are not part of the sale and are therefore likely to be wound down.

All the UK stores continue to trade and no redundancies have been made. 

Jim Tucker, Joint Administrator and Restructuring Partner at KPMG, commented:

“The American Apparel group has been experiencing strong retail headwinds, which has culminated in the US parent deciding to stop inventory shipments to the UK. The UK business has experienced similar trading difficulties, resulting in the appointment of administrators.

“The 13 UK stores are well stocked and will continue to trade as usual in the lead up to the peak Christmas trading period.  Whilst the UK business is not part of the US sale, a number of the UK stores are in prime high street locations, and we will also aim to sell individual stores following the Christmas trading peak.”

Ends

Notes to Editors:

The UK stores are in the following locations:

London:

Camden High Street      

Carnaby Street

Covent Garden                

Kensington High Street

Oxford Street                    

Shoreditch

Westfield Stratford        

Westfield White City

Rest of UK:

Brighton                              

Nottingham

Bristol                                  

Glasgow

Leeds

Parties interested in individual stores should contact Luke Wiseman of KPMG on 020 7311 8034 or Ross Blyth on 020 7311 5180. 

A dedicated webpage for stakeholders, such as landlords, employees and creditors, available at www.kpmg.com/uk/AmericanapparelUK  

For media queries only, please contact: 

Katy Broomhead, Senior PR Manager, KPMG 

T: 0161 246 4623

M: 07824 537963

E: katy.broomhead@kpmg.co.uk

Simon Wilson, Assistant PR Manager, KPMG

T: 0207 311 6651

M: 0778 537 3397

Email: simon.wilson@kpmg.co.uk

KPMG Press officeTel:  +44 (0) 20 7694 8773 

About KPMG 

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

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