SilkFred Falls into Administration: Impact on Designers & Customers

SilkFred, an online fashion marketplace, has entered administration, leaving customers and independent designers in distress. The company, which collaborated with five hundred brands, has appointed Quantuma to oversee the process. Quantuma warns that refunds may not be possible, advising customers to contact their card providers. SilkFred blames the cost-of-living crisis, rising operational costs, and overseas competition for its collapse, expressing pride in supporting independent designers and creating jobs. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.