Clive Christian Furniture sold to sales manager after ‘tough’ trading terms
April 21, 2022
Iconic luxury kitchen producer and retailer Clive Christian Furniture has been sold out of administration after a ‘period of difficult trading conditions’.
Former global sales director Phil Cole (pictured) and Jim Denos, owner of three US Clive Christian Furniture franchises, bought the business and assets through newly formed Luxury Interiors Manufacturing Ltd.
The move saves 66 jobs.
The company went into administration on April 8 and Julien Irving of Mazars LLP and Christopher Brindle of Campbell Crossley & Davis were appointed as joint administrators.
The administration came, they said, after “a period of challenging business conditions, further impacted by well-documented global supply chain issues in the wake of the pandemic and other macro forces.”
Irving said: “We are delighted to complete the successful sale to a new owner of such an outstanding UK manufacturer and retailer. The company has been affected by difficult trading conditions. The sale will ensure continuity of operations and the company will retain all of its workforce. highly qualified work and will continue its international business activities.
Clive Christian Furniture Ltd was established in 1978 by designer Clive Christian and in 2019 underwent a management buyout led by Managing Director Guy Newton with backing from David Dare, former owner of Shaws of Darwin.
Dare joined Clive Christian Furniture as president, but the company’s new owners confirmed he was not part of the new setup.
Cole, Managing Director of Luxury Interiors Manufacturing Ltd, said: “I am delighted to assume ownership of the Clive Christian Furniture business. Clive Christian Furniture is considered the originator of opulent pieces for the home and that is not going to change. Synonymous with exceptional quality, craftsmanship and skill, I am proud to continue the work of the company and, in doing so, ensure the continuity of the workforce, suppliers and our global network of dealers and partners.
In March 2021, Clive Christian Furniture unveiled its first major new range of kitchens in over a decade with its outdoor garden kitchen, followed in February this year by its new, more contemporary Opus No 1 range.
Creditors should contact the Administrators via Angela Ramzan at [email protected]
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