Gordon Brothers news and archive

Laura Ashley brand bought out of administration by Gordon Brothers

The Laura Ashley brand has been acquired by US advisory firm Gordon Brothers after falling into administration last month when rescue talks were thwarted by Covid-19 concerns. Gordon Brothers said it will consider “several go-to-market strategies” for the struggling British fashion and homeware retailer, which could include the closure of stores...

Business

Gordon Brothers sells Bench to Apparel Brands Limited

US investor Gordon Brothers sold British streetwear brand Bench to fashion company Apparel Brands Limited. Wraith, an affiliate of Apparel Brands, bought the brand for an undisclosed amount. Apparel Brands Limited, currently one of Bench’s primary European licensees, has evolved into “the natural owner” of the brand, according to a statement by...

Business

Bench relaunches with Spring 2020 collection

Bench is returning to the European market after investor Gordon Brothers took over the brand rights following the streetwear brand’s bankruptcy last year. Bench unveiled its spring 2020 collection, which comprises around 300 pieces, at UK fashion trade show Pure London. Wholesale prices for t-shirts start from around 20 pounds and sweaters from...

Business

Gordon Brothers acquires Bench’s intellectual property assets

Gordon Brothers, the global advisory, restructuring, and investment firm, has acquired the Bench brand and all of its related intellectual property assets, following the brand falling into administration in April. Bench, was founded in Manchester in 1989 and was hailed as one of the first streetwear fashion retailers holding a central position...