Westwood cuts ties with long-term partner
Sunday 15 April 2012
Vivienne Westwood's franchise partner of 18 years has placed itself into liquidation following an out-of-court settlement to end its agreement with the eccentric fashion designer.
Manchester-based Hervia Ltd had run seven Vivienne Westwood stores, but the companies began a legal row in the High Court last year after the designer sought to end the partnership.
An undisclosed pay-off has been agreed and Vivienne Westwood Ltd has taken on the leases and the running of stores in Manchester, Newcastle, Liverpool and Nottingham.
A store in York will close while Hervia, via its two other companies, will continue its Hervia Bazaar luxury store in Spring Gardens in Manchester and the London shop of the Y3 fashion label, for which it has the licence in the UK. It is also expanding the Y3 concept.
Hervia was founded by Oscar Pinto-Hervia in 1993. Richard Duncalf, the chairman of Hervia, said: "We have gone our separate ways after 18 years."
Vivienne Westwood has sought to make her business more commercial and has been taking control of licences and franchises since her husband, Andreas Kronthaler, became a business partner.
A spokeswoman for Vivienne Westwood said: "Since 1995 the two companies have enjoyed a successful business relationship and wish each other the best for the future."
Culinary experts in The Netherlands thought it was 'fresh' and 'tasty'
- 1 Marijuana use by teenagers does not result in a lower IQ or worse exam results, study finds
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 NHS staff banned from drinking tea or coffee on the job because it looks like they're not working hard enough
Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
Kim Jong-un 'purge': Six North Korea officials missing for weeks 'may have been executed'
Diwali: What is the festival of lights – and how is it celebrated around the world?
Nathan Cirillo: Final pictures emerge of soldier moments before he was shot dead by Ottowa gunman
Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
iJobs Money & Business
£350 - £360 per day: Ashdown Group: SQL Developer with T-SQL, Watford, Hertfor...
120-150k: Accountancy Action: We are looking for an experienced CFO from a min...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...