Scottish fashion designer Christopher Kane’s company has filed for administration.
The business is on the brink of collapse after it filed its intention to appoint insolvency experts from FTS Recovery as administrators.
The move aims to protect it from creditors as it fights for survival.
The retail brand, which was founded by Christopher Kane and his sister Tammy Kane in 2006, said it has filed the notice in a last-minute bid to help it secure a rescue plan which could involve a refinancing or new buyer.
The label grew rapidly in popularity throughout the 2010s.
Famous fans included Vogue editor Anna Wintour and Alexa Chung.
Luxury French firm Kering bought a 51% majority stake in the business in 2018.
However, the stake was sold back to the founders in 2018.
A spokesman for Christopher Kane Limited said: “The board of Christopher Kane Limited 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.
“Key stakeholders have been notified.
“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.”
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