US EditionMaternity fashion brand worn by Princess of Wales falls into administration
UNITED KINGDOM, JUL 7 – Seraphine faced rising costs and weak consumer confidence, leading to administration and redundancies of most of its 95 staff, with administrators seeking a sale or closure.
- The UK-based maternity fashion company Seraphine entered administration on Monday, with Interpath appointed to oversee the process following financial difficulties.
- Seraphine faced mounting financial difficulties due to strong economic headwinds including rising costs and fragile consumer confidence, which weakened sales despite a brand relaunch in April.
- Established in 2002 by Cecile Reinaud, Seraphine gained widespread popularity over 23 years, notably after maternity outfits from the brand were chosen by Catherine, the Princess of Wales, while expecting her children.
- Seraphine went public in 2021 with a valuation of £150 million but was privatized two years later after being acquired by Mayfair Equity Partners for £15.3 million.
- With the majority of its 95 employees laid off, Seraphine's administrators are considering various possibilities regarding the company and its brand, reflecting ongoing uncertainty about what lies ahead.
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Total News Sources17
Leaning Left4Leaning Right3Center5Last UpdatedBias Distribution42% Center
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- 42% of the sources are Center
42% Center
L 33%
C 42%
R 25%
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