Administrators seek buyer for failed Orla Kiely as creditors ‘owed millions’

Failed fashion brand Orla Kiely’s administrators are seeking a buyer for the business after being appointed by its creditors to get as much money as possible out of the company.

Chris Newell, a partner at business advisors Quantuma, said his firm wanted to speak with anyone interested in buying part or all of Orla Kiely, whose parent company, Kiely Rowan, has gone into administration.

Mr Newell said there were a “significant number” of creditors owed in total up to £10m by Kiely Rowan, which announced liquidation proceedings on Tuesday after shutting down its website and closing its shops.

Click here for the full Telegraph article (£)