Dannimac’s owner has gone bust

Posted by on Sunday, January 30th, 2011 at 12:32 am.

THE company behind the Paul Costelloe and Danni mac brands has gone into administration.

Dannimac's owner has gone bust

THE company behind the Paul Costelloe and Dannimac brands has gone into administration.

Signature Brands makes and supplies clothes under licence to stores such as John Lewis. It is understood to have hit difficulties after debts mounted and because contracts to supply House of Fraser were coming to an end and were not expected to be renewed.

Negotiations are under way this weekend between administrators at Ernst & Young and possible buyers, understood to include the previous management.

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