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Following the recent news that premium footwear retailer Georgina Goodman has collapsed into administration; we reviewed and updated the retailer record on SnapShop. Below is a summary of the retailer profile and highlights of the administration:
On 21/01/2010 – Retailer secured a £4m private equity investment from Core Capital to fund the expansion of its London-based footwear business.
On 02/02/2010 - Following investment from Core Capital Georgina Goodman announced expansion plans and said that the investment will also be used to broaden the lower-priced end of the range.
On 07/06/2011 – Georgina Goodman hit the buffers for reasons unclear. Restructuring firm Hilco was appointed on June 2 to handle the sale of the company, which is understood to be underway with an undisclosed buyer. The company’s Shepherd Street store and website have already closed while the Old Bond Street shop remains open.
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Retailer Profile - Georgina Goodman
Georgina Goodman is a footwear retailer which had two London stores (Shepherd Street and Old Bond Street), as well as a transactional website. Product is aimed at the upper middle of the market with a focus on Assured Individual fashion.
As of June 2011 it was announced that Georgina Goodman had entered administration, for reasons that are unclear. One store and the website have been closed.
Information Displayed on Website – “By Order of K Provan and M Fry, Joint Administrators of Georgina Goodman Ltd. At this moment in time, you can no longer place orders from this website.”
However, it is unclear how company aims to fulfil orders already placed and loss of jobs (if any)
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