The British lifestyle brand, Gandy’s has announced its closure this month after losing investment funding, triggering a massive closing down sale with up to 75% off
A British clothing brand has entered administration launching a huge 75% off sale. Lifestyle label, Gandys announced its closure this month following the loss of investment funding, prompting a significant closing down sale.
Prices have been slashed by up to 75% on the retailer’s online store as well as its flagship shop in Covent Garden. Brothers Rob and Paul Forkan founded the clothing brand in 2012 after both their parents perished in Sri Lanka during the 2004 Boxing Day tsunami.
Initially launching as a flip-flop shop, Gandys broadened its range to include travel-inspired bags, clothing and accessories. Prince William and Sir Richard Branson are known fans of the brand.
Income generated by the brand was funnelled into a charity that constructed campuses for disadvantaged children across Ghana, Kenya and Bali, the Gandys Foundation.
The venture received royal endorsement after the two brothers eschewed formal attire and arrived at Buckingham Palace wearing flip-flops, reports Wales Online.
Gandys is recognised for its assortment of travel bags but now they no longer have any in stock as they prepare for closure. Clothes, accessories and a small selection of sandals are still available at reduced prices.
According to Drapers, Gandys filed the notice on 25 March, citing a sudden withdrawal of funding. The case is currently ongoing, with law firm Ellisons Solicitors representing the company.
Last week, we reported how beloved UK fashion retailer has revealed its website will shut down within days, unveiling its “biggest offer ever” for shoppers to snap up final bargains. This follows the high street stalwart beginning to close stores earlier this year after falling into administration.
LK Bennett has confirmed the closure of its website while slashing prices by 80% across its range. The retailer has also revealed an online exclusive sale offering up to 90% off its premium dresses, footwear, and accessories, according to The Sun.
The company stated: “It’s your final few days to shop the LKB website before it closes. Our biggest offer ever has arrived-enjoy at least 80% off everything, with up to 90% off online.