Long Tall Sally to cease trading | News
Launched by Judy Prosperous in 1976, the tall women’s expert manufacturer is owned by German direct-to-client retailer TriStyle Mode GmbH.
The brand’s internet websites and mail order functions across the UK, US, Canada, Germany, France, New Zealand and Australia will be wound down from August. It’s 9 Uk outlets and 16 outlets across Germany and North The united states closed amongst 2018 and 2019.
Very long Tall Sally has close to 86 staff members across the business.
Drapers understands that as section of this procedure, its owner TriStyle Mode GmbH remains open to provides from 3rd functions who would like to continue on section or all of the business.
It will come after chief government Andrew Shapin stepped down in October 2019, after 12 years. Daniel Gutting, group CEO of the retailer’s guardian enterprise, TriStyle, took direct operational management alongside the group’s 4 government administrators and Very long Tall Sally board members.
“The switching economics of the superior street and a fiercely competitive online arena resulted in the closure of all Very long Tall Sally outlets in 2018”, a assertion from Very long Tall Sally explained.
“Since that time, Very long Tall Sally has relied on major fiscal shareholder support. The sudden fiscal impression of Covid-19 has further weakened the business, putting it in an unsustainable place. Over the final a few months, the business has taken edge of the Authorities Work Retention Scheme, nonetheless the outlook for the coming months is now so unsure that TriStyle can no lengthier support the business.
“Long Tall Sally management staff with the support of its shareholders system to conclude the business in an orderly way about the coming months, functioning carefully with its partners and suppliers to uncover satisfactory methods pertaining to obligations and contracts.”
Alison Doherty, chief working officer, Very long Tall Sally, explained: “We succeeded in our mission to be the initially option in trend for tall women around the globe, but after 45 yrs of investing, it really is the finish of an era. It’s been my privilege to provide Very long Tall Sally for the past 10 yrs. I couldn’t be more proud of the manufacturer, the community and the incredible staff we have designed.”
TriStyle bought Very long Tall Sally, alongside subsidiary makes Peter Hahn and Madeleine, from investment agency Amery Money in 2017. The offer valued the retailer at £30m.
Very long Tall Sally specialises in apparel and shoes for tall women 5′8″ and about.