Khaadi Fashion has been acquired as part of a pre-pack administration deal by Weaves UK Trading.
The retailer was founded in 2013, and previously operated ten stores across the UK. Six of the outlets will continue to trade after the sale was agreed by administrators Marshall and Gareth Harris of RSM.
Khaadi employed just under 100 staff prior to administration, and the sale has kept most of them jobs safe.
A legal team from Weightmans advised on the pre-pack administration sale.
James Moore of Weightmans said: “Sadly failures on the high street remain common as the retail sector faces massive structural changes but we are glad that Khaadi has survived. This was a complex transaction that demanded expertise from across our specialist practice areas, safeguarding the majority of roles at Khaadi and leaving a more streamlined and sustainable business.”
