A historic 125-year-old UK firm has collapsed into liquidation.
A century previous UK enterprise has closed after 125 years (Picture: Getty)
Considered one of Britain’s oldest lingerie corporations, which introduced the Wonderbra to the UK within the Nineteen Sixties, has collapsed into liquidation after 125 years, leaving its employees out of labor. Based in 1901, Nottingham primarily based model Gossard introduced that it has formally ceased buying and selling and entered liquidation efficient Might 14, 2026.
Gossard Restricted, which operated from The Courtaulds Constructing on Haydn Street in Sherwood, will probably be completely wound up after liquidators from CFS Restructuring eliminate its belongings. A discover on Gossard’s web site reads that this “appointment relates solely to the UK entity buying and selling as Gossard”. Regardless of the UK liquidation, the corporate’s European operations and affiliated companies exterior the UK will proceed to function as typical.
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Gossard operated out of The Courtaulds Constructing in Nottingham (Picture: Google Maps)
Thanking their prospects for his or her assist “through the years”, the century previous enterprise stated these with excellent accounts, claims, or firm belongings ought to contact the appointed liquidators.
A spokesperson for Gossard stated: “Please be suggested that Gossard Restricted has formally ceased buying and selling and entered liquidation efficient 14th Might 2026.
“This appointment relates solely to the UK entity buying and selling as Gossard. Gossard’s European operations and affiliated entities exterior the UK are persevering with to function as regular and usually are not topic to those liquidation proceedings.
“We want to thank our prospects, companions, and staff for his or her assist through the years.
“All inquiries concerning excellent accounts, claims, or firm belongings needs to be directed to the appointed liquidators: data@cfs-llp.com (0115 8387330).”
Emma Willis was the face of Gossard within the early 2000s (Picture: Getty)
Flourishing throughout the Nineteen Twenties and Thirties, the enduring enterprise revolutionised the UK lingerie trade by shifting the laces on a corset from the again of the garment to the entrance.
As soon as a extremely profitable lingerie model, Gossard has been fronted by a string of well-known faces. Within the early 2000s, British TV presenter Emma Willis was the face and physique of Gossard’s Superboost bra.
In December 2014, Australian actress Olympia Valance, sister of Holly Valance, grew to become the brand new face of Gossard.
Nevertheless, it had struggled in recent times, with Gossard being closely in debt to HMRC and suppliers when it entered liquidation, based on paperwork filed to Corporations Home by its liquidators.
An announcement of affairs ready by the liquidators of the bancrupt metropolis agency, beforehand owned by a Hong Kong-based guardian firm, indicated a probable total creditor shortfall of £2,813,604.
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