One-hundred-and-five staff made redundant as Ness Clothing administrators say they are one step closer to selling the business as a going concern
The Livingston Designer Outlet branch of Edinburgh-headquartered Ness Clothing has been confirmed as one of three further store closures now that the business has gone into administration.
It will stop trading this week along with branches in Dundee and Glasgow Buchanan Galleries, joint administrators James Stephen and Matthew Tait, business restructuring partners at BDO LLP, have announced.
They follow the closure of four other stores in Aberdeen, Cambridge, Bath and Ilkley earlier this month.
The company, an independent women’s fashion and accessories label which operated 10 stores in Scotland and five in England, as well as four concessions, had employed 105 staff across its head office and chain of outlets.
Administrators were appointed on behalf of the company, which is based in Edinburgh’s Henderson Place, in December and have continued to trade the business with a view to selling it as a going concern. Having received a number of expressions of interest, they are now liaising with a preferred bidder and say they are hopeful of securing a sale.
The stores in Livingston, Dundee and Glasgow will not form part of the sale agreement, however, and are therefore to close.
James Stephen, BDO business restructuring partner, said: “Despite Ness Clothing’s improving sales figures nationally over the last 12 months, a challenging trading environment has significantly affected the long-term viability of these three outlets.
“We are left with no option but to cease trading these stores. Regrettably, all staff at these stores will be made redundant.”