Family owned Leeds-based dress-up specialist Smiffys is lining up administrators, having tried to secure a sale in recent weeks.
A notice of intention to appoint administrators was filed on Thursday.
Smiffys, which was founded in 1894, ships more than 26 million items of fancy dress annually and employs more than 150 people globally across the UK, Poland, Australia, US and China.
In an official statement, Smiffys said: “”Following four extremely challenging years as a result of the pandemic, the subsequent supply chain crisis, and the ongoing inflationary burden on both businesses and consumers, Smiffys was required to take the difficult decision yesterday to file a notice of intention to appoint administrators,”
“This does not mean the company is in administration; rather, this allows Smiffys to explore a number of potential options, with the ultimate aim of securing a sustainable business for the future.
“Smiffys will continue to trade and fulfil orders as normal during this time, and we would like to take this opportunity to thank our talented Smiffys team and loyal customers for their ongoing support.”
We are in touch with Smiffys and will bring you updates as they arise.
