Aspinal, a UK based manufacturer and retailer of luxury goods has nominated KPMG to oversee its proposed CVA.
The company, which has 10 stores located in city centres throughout the UK, and also concessions in Harrods and Selfridges, has been “impacted profoundly” by the Covid-19 pandemic.
Will Wright, proposed nominee of the CVA and partner at KPMG, said: “Covid-19 has presented a number of challenges for those operating in retail and the luxury goods sector, not least the impact of reduced footfall across high street stores.”
He added: “If approved, the CVA proposal provides Aspinal with a platform from which it can refocus its business on its core online and premium concessions channels, providing a solid and sustainable grounding for the future.”
