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Khaadi closes four stores as part of a pre-pack administration

Lauretta Roberts
10 October 2019

Khaadi, the Asian fashion retailer, has closed four of its 10 UK stores as part of a pre-pack administration deal.

The retailer, which hails from Pakistan, launched in the UK in 2013 and operated from 10 stores nationwide, including stores in some of the UK’s best-known shopping locations such as Westfield Stratford, Westfield London (White City), Brent Cross, Bull Ring Birmingham, Trafford Centre Manchester and Trinity Leeds.

Six will remain up and running after the sale was agreed by administrators, Keith Marshall and Gareth Harris of RSM with Weaves UK Trading Ltd. At the time of its administration Khaadi employed 100 staff, some of whom have been made redundant as a result of the store closures. Khaadi’s management team, which started the business, will remain in place.

Law firm Weightmans advised RSM on the transaction. Partner in the firm James Moore said: "Sadly failures on the high street remain common as the retail sector faces massive structural changes but we are glad that Khaadi has survived. This was a complex transaction that demanded expertise from across our specialist practice areas, safeguarding the majority of roles at Khaadi and leaving a more streamlined and sustainable business."

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