Waterproof Clothing Company Faces Tough Times
- Henri Lloyd enters administration
- 31 stores set to close
- Jobs at risk
- RSM appointed as administrators
- Challenging trading conditions on the High Street blamed
- House of Fraser sells Henri Lloyd’s clothes
- Henri Strzelecki and Angus Lloyd founded the company in 1963
Henri Lloyd, a waterproof clothing company founded by decorated Polish soldier Henri Strzelecki and his business partner Angus Lloyd in 1963, has entered administration. RSM has been appointed as the administrators for the struggling brand, which will result in the closure of 31 stores and potential job losses. The company, known for its waterproof designs, was awarded an OBE in 1985. This announcement comes on the same day that discount retailer Poundworld also entered administration. House of Fraser, which has faced its own retail struggles, sells Henri Lloyd’s clothes in their stores.
Factuality Level: 7
Factuality Justification: The article provides accurate information about Henri Lloyd entering administration, the closure of stores and job risks, the reason for its demise, and mentions House of Fraser selling their clothes. However, it includes some unnecessary background information about the company’s founder and his nickname, which is not directly related to the main topic.
Noise Level: 3
Noise Justification: The article provides some relevant information about Henri Lloyd entering administration and the reasons behind it, but it lacks in-depth analysis or exploration of long-term trends or consequences. It also does not offer any actionable insights or new knowledge for readers.
Financial Relevance: Yes
Financial Markets Impacted: Henri Lloyd’s administration and store closures impact their own company, as well as House of Fraser which sells their products. Poundworld’s administration may also have a ripple effect on the retail industry.
Financial Rating Justification: This article discusses the financial struggles and administration of Henri Lloyd, a clothing company, and its impact on both itself and other companies like House of Fraser. It also mentions Poundworld entering administration, which could affect the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.
www.retailsector.co.uk