economy
Historic British brand vanishes from UK town designer outlet centre
A historic British brand has closed its store at a popular designer outlet after the company collapsed into administration. Denby Pottery has shut its shop at Frasers Plus Designer Outlet Swindon as the 217-year-old ceramics company prepares to close its remaining UK stores.
TL;DR
- Denby Pottery, a 217-year-old British brand, has closed its store at Frasers Plus Designer Outlet Swindon.
- The company entered administration earlier this year due to rising costs and weaker demand.
- Production at its Derbyshire factory stopped earlier this year, resulting in over 120 redundancies.
- Administrators were unable to secure a buyer for the business and assets, leading to the closure of remaining UK stores by August 30.
- The brand is expected to survive under new ownership despite the retail operation's collapse.