A Derbyshire supplier of tights worn by the likes of Rihanna and Zooey Deschanel has entered administration after being hit by a slowdown in work brought on by the insolvency of department store chain BHS. More than 320 jobs have been lost in the East Midlands.
Dilip Dattani and Patrick Ellward of RSM Restructuring Advisory have been appointed joint administrators of CUK Clothing Ltd and Courtaulds Brands Ltd.
The businesses made hosiery, socks, bras, underwear, nightwear, casual wear, jackets and coats, employing 380 staff at bases in Belper and London. Courtaulds Brands produced hosiery for Pretty Polly under licence, a renowned tight maker established in 1919.
As a result of the insolvency, 320 jobs have been lost in Derbyshire, along with four in Nottingham and 26 in London.
Dattani said: "The administration of BHS has added to the challenge of operating within a fiercely competitive market for seasonal products.
"This has left the directors with little choice but to place the companies into administration.
"Regrettably, we have been forced to make 350 employees redundant to align with the current order book, and we are assisting them with their claims to the Redundancy Payments Service.
"We are currently engaging with the key customers to assess their ongoing orders and delivery schedules."
In the year to 30 June 2015, Courtaulds, which trades from Belper, and CUK posted turnovers of £32.6m and £58.7m respectively.