Latest Atterley Road News
Jan 8, 2016
Lorelei Marfil SHUTTING OPERATIONS: According to a spokesman, Atterley, which sold contemporary women’s wear had “failed to secure new investment.” The company was backed by Sir Terry Leahy under Maison Seven Limited, and was placed into administration earlier this week following an order at the High Court in London. The company has ceased taking orders, and the brand has enlisted Blair Nimmo and Tony Friar of KPMG as administrators. “Since Atterley Road’s launch in 2012, the management team at Maison Seven has worked extremely hard to create a brand which appeals to changing and demanding tastes, with high expectations of customer service,” said a statement from the administrators. “Unfortunately the failure to raise additional funding to support future trading has led to the business being placed into administration. With such a reputable presence, we are hopeful of achieving a positive outcome for the business, its brand and assets, and the directors are continuing to offer us every assistance in this regard.” Launched in 2012 by Katie Starmer Smith, who had previously worked at Mulberry and Jigsaw, the brand had attempted an overhaul with a new chief executive officer and creative director in April 2015. Originally called Atterley Road, it was re-branded Atterley in June. The London-based company had 17 employees who were effectively dismissed.