SilkFred's Collapse: Impact on Independent Brands

SilkFreds Sudden Collapse: A Devastating Blow to Independent Brands - Rena Jessop and Jade, owners of Honor Gold, discuss the unexpected administration of online clothing platform SilkFred, leaving them owed money and short on stock. SilkFreds collapse, which generated 20-25% of Honor Golds online sales, has significantly impacted their cash flow. Customers who paid with credit cards over £100 may claim refunds, but gift cards are not honored. Rena highlights the broader challenges in Britains fashion sector, while Honor Gold focuses on expanding direct sales channels and exploring new retail partners.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.