The six-year-old company had landed $35m in funding as recently as 2017, but it said a challenging retail environment led to this financial pitfall. Six of its more than two dozen stores will close immediately.
As recently as May, the retailer had promoted further expansion in shopping centers under new private equity partners, but it recently shuttered several stores after failing to pay rent.
Former Harrods supplier Browne’s Chocolates has been bought out of liquidation by entrepreneurs who previously transformed a Cornish brewer, FoodManufacture.co.uk can reveal.
