Christopher Kane, the 40-year-old Scottish designer known for crystal gowns, jelly bags, and subverted runway collections, has resolved to file a notice of intention to appoint FTS Recovery as administrators, as the company’s future hangs in the balance.
“This difficult decision has been reached to give the company sufficient time to implement a rescue plan. Key stakeholders have been notified,” reads a statement from the company given to WWD. “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.”
