On the heels of Emma Hope Ltd.’s administration filing (the British equivalent of bankruptcy) last week, the company is seeking outside investors.
“We are looking for interested parties to buy this,” said Robert Smailes of Shipleys.
In the meantime, wholesale and retail operations will run as usual for the near-term. The firm has signed an agreement with its factory in Tuscany, Italy, that allows for orders to be shipped directly to retail customers.
Hope launched her namesake collection in 1985. According to one British footwear insider, who asked not to be named, the designer fills a niche in the footwear market.
“Emma Hope is specialized [and has] a very loyal international wholesale and consumer follower,” said the insider. “If she goes, there’s nothing out there in the marketplace that’s similar or that could replace her.”