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Retailer Orla Kiely ceases trading Retailer Orla Kiely ceases trading on cash crunch
(35 minutes later)
British handbag and homeware retailer Orla Kiely has announced that it is closing its stores and website. Handbag and homeware retailer Orla Kiely has closed its retail stores and website, becoming the latest victim of the difficult retail landscape.
Orla Kiely ceased to trade as of 17 September as its parent company, Kiely Rowan, has gone into administration. Orla Kiely ceased trading on Monday after its parent company, Kiely Rowan, went 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 on the King's Road and Seven Dials in London, 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 still be sold through 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. Sources told Ibex News that staff were escorted out of the building in tears on Monday, 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. Staff were reportedly told that the retailer did not have enough funds to pay their salaries.
High street woesHigh 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. Orla Kiely is the latest in a series of retailers that have been forced to shut up shop on UK high streets.
Retailers have been hit by weak sales, online competition and rising costs, affecting 22,000 jobs this year.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. 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 closures.