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Christopher Kane could shut down namesake label

By Huw Hughes

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Business

Image: Christopher Kane FW23 collection | Credit: Launchmetrics

Scottish fashion designer Christopher Kane could be shutting down his namesake label which he founded in 2006 with his sister Tammy Kane.

The company said in a statement that its board has recently resolved to file a notice of intention to appoint FTS Recovery as administrators.

“This difficult decision has been reached to give the company sufficient time to implement a rescue plan,” it said, adding that “key stakeholders have been notified”.

The statement continued: “A period of accelerated marketing activity will now follow, with a view to locating potential interested parties to either refinance the company’s existing debt, or alternatively locate a purchaser for the business and assets.”

Christopher Kane launched his label 16 years ago after graduating from Central Saint Martins College and before becoming a regular at London Fashion Week.

The label grew in popularity before luxury giant Kering snapped up a 51 percent majority stake in the business in 2013.

Fast forward to 2018, and the French conglomerate sold its stake back to the designer.

Christopher Kane