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| Retailer Orla Kiely ceases trading on cash crunch | Retailer Orla Kiely ceases trading on cash crunch |
| (about 1 hour later) | |
| Fashion and homeware retailer Orla Kiely has closed its retail stores and website, becoming the latest victim of the difficult retail landscape. | Fashion and homeware retailer Orla Kiely has closed its retail stores and website, becoming the latest victim of the difficult retail landscape. |
| Orla Kiely ceased trading on Monday after its parent company, Kiely Rowan collapsed. | Orla Kiely ceased trading on Monday after its parent company, Kiely Rowan collapsed. |
| The retailer's stores on the King's Road and Seven Dials in London, 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 still be sold through 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. |
| Kiely Rowan's directors decided to place the company into creditors' voluntary liquidation. | Kiely Rowan's directors decided to place the company into creditors' voluntary liquidation. |
| David Rubin & Partners have been appointed to wind down Kiely Rowan and liquidate its assets. | |
| The firm said the cause of the parent company's collapse was "challenges" it had experienced in recent years. | The firm said the cause of the parent company's collapse was "challenges" it had experienced in recent years. |
| 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. | 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 did not have enough funds to pay their salaries. | Staff were reportedly told that the retailer did not have enough funds to pay their salaries. |
| High Street woes | High Street woes |
| Orla Kiely is the latest in a series of retailers that have been forced to shut 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 closures. | 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. |
| Ironically, Orla Kiely is currently the subject of a major exhibition at the Fashion and Textile Museum in London. | Ironically, Orla Kiely is currently the subject of a major exhibition at the Fashion and Textile Museum in London. |
| The exhibition, entitled Orla Kiely: A Life in Pattern, features more than 150 patterns and products spanning her work from the 1990s until today, as well as collaborations with photographers, film directors and architects. | The exhibition, entitled Orla Kiely: A Life in Pattern, features more than 150 patterns and products spanning her work from the 1990s until today, as well as collaborations with photographers, film directors and architects. |
| The exhibition ends on 23 September. | The exhibition ends on 23 September. |