It was a big shock to us all when we heard that Henri Lloyd had gone into administration but then even better to hear now that they have been saved through the intervention of Swedish investment company, Aligro Group Limited.
The Aligro Group already owned the rights to the Henri Lloyd brand and trademarks and had recently provided financial support before the clothing company was put into administration, Marine Business reports.
The administrators, RSM Restructuring Advisory LLP, immediately announced that a subsidiary of Aligro Group, Aligro UK Limited, will continue to run five stores in various parts of the UK, securing the jobs of 38 store staff and six head office employees. However, four other stores and 20 concession stores will close, resulting in the loss of 128 staff.
"We are pleased to have secured the sale of certain stores and assets to Aligro UK Limited. This sale represents the best outcome for creditors, it maintains Henri-Lloyd’s presence in key locations and secures 44 jobs,” said Chris Ratten from RSM Restructuring Advisory.
“Selling the whole business as a going concern was not a viable option and regrettably a number of staff have been made redundant as a result.”
Henri-Lloyd, the original British sailing brand was founded in Manchester, England by Henri Strzelecki MBE.
Since 1963, Henri Lloyd has continued to push the boundaries of style and technical innovation establishing itself over the last five decades with a formidable global reputation for designing and producing quality premium sailing and lifestyle clothing.