Designer to stars Roland Mouret is battling to save the label that dressed Duchess of Cambridge and Victoria Beckham – as bosses discuss its future
- Mouret, 60, is best known for creating the figure-hugging Galaxy dress in 00s
- He has dressed the Duchess of Cambridge, Theresa May and Victoria Beckham
- A source said administration not certain and other options are being explored
Investors in 19RM, who include entertainment mogul Simon Fuller and commercial landlord the Grosvenor Estate, are discussing the fashion house’s future, with one option said to be calling in insolvency experts.
A source close to the luxury brand said administration was not certain and other options were being explored.
Ellie Goulding, left, and Roland Mouret attend a drinks reception at the British Fashion Awards at the London Coliseum on December 1, 2014
Mouret, 60, is best known for creating the figure-hugging Galaxy dress, which gained notoriety in the 2000s. Pictured, Rachel Weisz wearing the Galaxy dress
‘The shareholders continue to work with the management at Roland Mouret to agree a way forward for the business,’ a joint statement by the company’s stakeholders said.
Mouret, 60, is best known for creating the figure-hugging Galaxy dress, which gained notoriety in the 2000s.
It is claimed the £1,500 garment can sculpt any body shape with its mesh bodice.
In an interview with the Financial Times last month, Mouret claimed he would be the industry’s ‘last man standing’ after competitors collapsed during the pandemic.
London fashion house Ralph and Russo, a favourite of the Duchess of Sussex, collapsed in March amid allegations of financial mismanagement, though it has since been bought by a US investment firm.
A model walks the runway at the Roland Mouret show during the London Fashion Week February 2017
Mouret also predicted it would take five years for his brand to recover from the impact of the pandemic.
The business had been structured as a joint venture between Mr Fuller’s company XIX Entertainment and Mouret. Grosvenor became a minority investor after it set up a fund to aid its tenants in the pandemic last year.
The label previously survived fears of bankruptcy in 2010. The designer generated sales of £16million in 2019, but made a profit of just £950,000.