Marchpole calls in the receivers

The luxury brand group Marchpole collapsed into administrative receivership yesterday, becoming the latest fashion company to hit the buffers.

Marchpole, which suspended trading in its shares on 4 November, has appointed Grant Thornton as administrative receivers, who will seek purchasers of the operating companies as trading businesses in co-operation with stakeholders.

Marchpole was established 1973 as a designer, manufacturer and distributor of fashion merchandise. Since then, it has completed a number of licence agreements and acquisitions, alongside its opening of five office and showroom locations in London Paris, New York, Hong Kong and Milan.