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Trade News Archive 2009 January February March
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10th March 2009
Coco Ribbon and its wholesale label go bust
One of west London's most renowned independent boutiques, Coco Ribbon has ceased trading as a result of falling sales due to the recession.
Based in Notting Hill, the luxury underwear, clothing and footwear store also operated a wholesale label, which distributed its own range of fashion, lingerie, accessories and fragrances.
A favourite among some of London's most trendy celebrities, the store was unable to stave off the effects of the downturn, despite a 60 per cent growth in its online sales.
In 2006, the high-end boutique closed its Sloane Street store, concentrating its efforts on making a success of the Notting Hill branch.
According to fashion industry specialist Drapers, Coco Ribbon owners Alison Chow said that she was keen to find a new backer for the wholesale business and store.
The small retailer has been entered into administration and is currently considering a range of restructuring options to resume trading.
At the beginning of this month, a local businessman from Norwich called for the establishment of more independent retail zones excluding chain stores in order to better protect smaller traders from the effects of the downturn.
(c) 2009
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