Placing in receivership
Henri Lloyd, a British company specialising in the sale of yachting clothing, announced on 8 June 2018 that it was going into receivership. RSM Restructuring Advisory, a restructuring specialist, has been appointed to support the process within Henri Lloyd Limited and Henri Lloyd International Limited. The equipment manufacturer specifies its reasons in a press release. "The decision to appoint directors was taken because of difficult conditions for the retail trade. It is still early, but we are discussing with potentially interested parties and working with our professional advisors to assess the state of our business with a view to maximizing returns for our creditors."
A historic British brand
The Henri Lloyd seawear brand was created in 1963 by Henri Strzelecki and Angus Lloyd. It has been based in Manchester, in the north of England, since its inception. His watch jackets have accompanied British yachting and ocean racing from Sir Francis Chichester's trip around the world during the Golden Globe in 1967 to Ben Ainslie's crew representing the UK at the America's Cup in 2017. The company has been run since the 1990s by the sons of founder Paul Strzelecki and Martin Strzelecki.
Movement in sea clothing
The announcement of Henri Lloyd's receivership is part of the current transformation of technical textile brands for yachting. Helly Hansen, who had acquired Musto shortly before, announced on May 10, 2018 that it would be acquired by a Canadian outdoor company.