Joint administrators of UK luggage designer and manufacturer Antler have completed the sale of its online portfolios and assets to ATR group company.
Founded 1914, Antler entered into administration on 18 May as coronavirus restrictions impacted the company’s operation across the travel and retail sectors.
The retailer operates 18 stores and one concession.
Antler chief marketing officer Amber Spencer-Holmes said: “Antler holds a unique position in the market, designing contemporary luggage and travel accessories with the quality and reliability expected of a brand with over 100 years of expertise.
“We remain an ambitious and highly motivated team, and with a fresh new website launching imminently, we’re confident Antler has the positioning, product development plans and digital-first strategy in place to secure a successful future.”
Will Wright and Steve Absolom from KPMG were appointed to monitor the restructuring process.
The administrators continued to trade the business via its online channels, while retained staff to support trading have been transferred to ATR under the deal.
KPMG partner and joint administrator Will Wright said: “We are delighted to have concluded this deal which safeguards the future of this storied and iconic brand.
“With travel restrictions now easing, ATR is in a strong position to be able to take the Antler business forward.”
Earlier this month, UK furniture retail chain Harveys entered into administration leading to the closure of around 20 stores, and 240 job losses.