The UK company behind trendy fashion label Miss Sixty, which has several concessions in Birmingham, has collapsed into administration.
Sixty UK, which trades under the Miss Sixty and Energie names, sells the Miss Sixty brand through concessions in House of Fraser and Selfridges and also has a presence within fashion retailer USC.
Joint administrators Vantis Business Recovery Services said the business was currently operating as normal with all stores remaining open, adding supplies to concessions and independent retailers were not affected.
It said there had been no redundancies at either head office or any outlets and stocks continued to be replenished.
The company has 12 high street stores throughout the UK as well as concessions in major department stores and its brands are also sold through many independent fashion outlets.
The parent company is based in Chieti in the Italian region of Abruzzo and operates mostly in Europe but also has branches in the Americas, Africa, the Middle East, Asia and Australia.
At the New York Fashion Week earlier this month Miss Sixty unveiled its new style of jeans - harem skinny jeans - described as balloon-shaped jeans with a skinny fit.
Miss Sixty is the latest retailer to run into difficulties as the UK high street comes under pressure from the consumer downturn.
Earlier this week Hardy Amies, the Queen’s dressmaker, said it would have to call in the administrators after failing to find new sources of funding.
Hardy Amies’ shares were suspended on London’s junior Alternative Investment Market on Friday after it said major shareholder Arev Brands was unable to offer any more financial support.