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.
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.”
Notes to Editors:
The UK stores are in the following locations:
Camden High Street
Kensington High Street
Westfield White City
Rest of UK:
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
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Katy Broomhead, Senior PR Manager, KPMG
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Simon Wilson, Assistant PR Manager, KPMG
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M: 0778 537 3397
KPMG Press officeTel: +44 (0) 20 7694 8773
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