Alert over fash­ion la­bel favoured by Duchess

The Sunday Telegraph - Money & Business - - Front page - By Ash­ley Arm­strong

THE fu­ture of de­signer Al­ice Tem­per­ley’s fash­ion la­bel – a favourite of the Duchess of Cam­bridge – is in doubt fol­low­ing a health warn­ing from the com­pany’s au­di­tors.

De­spite rais­ing £1.8m to fund a turn­around, losses at the brand, which sells £1,995 em­broi­dered and se­quinned evening gowns, have mounted.

In the com­pany’s most re­cent fi­nan­cial ac­counts, ac­coun­tants at RSM said that £1.4m in op­er­at­ing losses and net li­a­bil­i­ties “in­di­cate that a ma­te­rial un­cer­tainty ex­ists that may cast sig­nif­i­cant doubt on the com­pany’s abil­ity to con­tinue as a go­ing con­cern”. It posted a pre-tax loss of £1.7m for the year to De­cem­ber 2017.

It said that since clos­ing stores in the US and shut­ter­ing its Al­ice by Tem­per­ley dif­fu­sion line in 2015, it had been fo­cused on con­sol­i­dat­ing its sup­plier base and build­ing its on­line busi­ness.

In Septem­ber last year Tem­per­ley named Sally Hughes, who launched on­line beauty brand Glossier in the UK and ran Net-a-porter’s mar­ket­ing divi­sion, as its new chief ex­ec­u­tive.

Tem­per­ley said that it was fo­cused on build­ing a “qual­ity whole­sale busi­ness” and it now had the right “op­er­a­tional struc­ture, per­son­nel and trad­ing plans in place to lever­age the brand’s pop­u­lar­ity in a com­pet­i­tive mar­ket”.

The busi­ness has two stand-alone stores in May­fair and Not­ting Hill. It also sells through de­part­ment stores, and on­line at Matches and Net-a-porter, as well hav­ing a cheaper range, Som­er­set, in John Lewis.

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