Fashion designer Roland Mouret's eponymous fashion house has fallen into administration, putting the future of the brand in doubt. The company has hired professional services firm Opus Restructuring to oversee the administration process and try to find a buyer for the business. The collapse comes as a result of the challenges faced by the fashion industry during the COVID-19 pandemic, with many retailers struggling to survive. Mouret's brand is known for its elegant and sophisticated designs, but it has been unable to weather the storm of the ongoing crisis.
2023/09/04

ADVERTISEMENT

The designer behind the iconic Mouret Galaxy dress, worn by Meghan Markle and Victoria Beckham, has put his luxury fashion house into administration, closing his flagship store in London. The COVID-19 pandemic is being blamed for the company's downfall. The dress, known for its square neckline, became a must-have item in 2005, with A-list celebrities and even members of the royal family wearing it. The brand's 84 employees have been left without jobs, and the future of the company remains uncertain. The pandemic has caused a significant drop in revenue and customers for the fashion house.

ADVERTISEMENT

AD
Article
news flash