Yahoo Finance Roland Mouret has gone into administration
London-based design house Roland Mouret has gone into administration. According to numerous news outlets, including WWD and the Business of Fashion, the high-end label has entered administration and will be making up to 50 members of staff redundant.
Reports suggest that the brand struggled to bounce back after the pandemic initially hit, impacted both by the lack of tourists shopping in London and by an absence of glitzy events, which, for many clients, Roland Mouret had been a go-to.
Known for its elegant and flattering designs, the brand is a celebrity and royal-family favourite. It has been worn by the likes of Blake Lively, Victoria Beckham, Gigi Hadid, Halle Berry and Renee Zellweger. The designer is also a good friend of Meghan, the Duchess of Sussex, and dressed her on the eve of her wedding.
Earlier this year, the label expanded into activewear with RM Body, where it attempted to explore a more affordable, casual offering for customers.
"We have to be realistic about the women in our lives, and the way they spend money today," he told WWD at the time. "The collection also allows us to explore other avenues, and offers a new entry price point."
The brand is not the first British fashion label to be hit hard by the past few years. Earlier this year, London's only couture house, Ralph & Russo, also went into administration, having struggled financially as a result of the Covid-19 pandemic.
Roland Mouret is yet to confirm or comment on the news.
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