Metis Partners has been appointed by the joint administrators, Martha Thompson, Antony Nygate and Kerry Bailey of BDO, to support the marketing and sale of Bench’s extensive IP portfolio.
Bench, which announced recently that it had fallen into administration, has for almost 30 years occupied a central and iconic position on the high-street for fashion, streetwear and lifestyle products.
In 2011, the company generated circa £150 million in revenue, but has fallen on hard times since.
The company cites both recent difficulties in the UK retail market and a major logistics issue in 2016 as factors contributing to its current scenario.
Despite the company’s current challenges, confidence from the joint administrators exists that the Bench brand has continued potential for growth and could have a bright future with the right strategy.
All offers and requests for information should be submitted directly to Morven Fraser of Metis Partners by Tuesday May 15.