Silk Industries Ltd., which trades under the name of Vanners, has been bought out of administration.
And the saviour is Robert Gawn, the owner of British luxury goods maker Swaine Adeney Brigg!
Silk Industries – the textile manufacturer based in England – had appointed administrators from KPMG Restructuring last month after it had collapsed into administration following the pandemic wrath.
Back then Vanners had made 32 of its 64 employees redundant and shifted its focus towards searching a buyer. Finally it happened this month, when Robert purchased the ailing retailer.
Expressing delight over being bought out of administration, Laura Gore, MD, Vanners, said that the completion of the purchase has not only helped saving jobs of many people, but also ensured that the historic firm continues running with a new impetus.
Laura added that though 2021 will continue to be as challenging as 2020 was, Vanners will be excited to work with its existing clients in addition to introducing new ones to its products.
Silk Industries businesses include making of textile products that also comprise linen goods and upholstery filling.
