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Retailer Orla Kiely ceases trading | Retailer Orla Kiely ceases trading |
(about 1 hour later) | |
British handbag and homeware retailer Orla Kiely has announced that it is closing its stores and website. | British handbag and homeware retailer Orla Kiely has announced that it is closing its stores and website. |
Orla Kiely ceased to trade as of 17 September as its parent company, Kiely Rowan, has gone into administration. | Orla Kiely ceased to trade as of 17 September as its parent company, Kiely Rowan, has gone into administration. |
The retailer's stores in London's King's Road and Seven Dials, and Kildare in Ireland, have closed. | The retailer's stores in London's King's Road and Seven Dials, and Kildare in Ireland, have closed. |
However, Orla Kiely Home and Design-branded accessories and homeware will continue to be sold through distribution partners. | However, Orla Kiely Home and Design-branded accessories and homeware will continue to be sold through distribution partners. |
"Thank you for embracing our brand and designs throughout the years and for your ongoing support," said the brand, which is known for its vintage 1970s-inspired prints. | "Thank you for embracing our brand and designs throughout the years and for your ongoing support," said the brand, which is known for its vintage 1970s-inspired prints. |
David Ruben & Partners have been appointed as administrators. | David Ruben & Partners have been appointed as administrators. |
Sources have told Ibex News that staff were escorted out of the building in tears on Monday, just a few minutes after being told by the retailer's founder and chief executive Orla Kiely, 55, that they were being made redundant. | |
Staff were reportedly told that the retailer could not afford to pay them for the last three weeks' of their salaries, and that they would need to file for redundancy. | |
High street woes | |
Orla Kiely is just the latest in a series of retailers that have been forced to close up shop on UK High Streets. | |
Retailers have been hit by weak sales, online competition and rising costs, affecting 22,000 jobs this year. | |
High-profile failures include Maplin and Toys R Us while High Street chains such as Marks & Spencer, House of Fraser, Carphone Warehouse, New Look and Carpetright have announced store closure plans. |