Radley
Radley stops website sales amid closure, with remaining stores expected to shut by the end of August
Radley, the accessories retailer, has stopped sales on its website, directing customers to its remaining stores with a banner reading "website now closed". The brand, known for its Scottie dog logo, is offering customers 70 per cent off all remaining stock as it clears inventory ahead of its final store closures.
Background
The closures come three months after Radley collapsed into administration, with its brand and intellectual property being acquired by Poundland owner Gordon Brothers in a pre-pack deal. According to administrators FTI Consulting, the collapse followed a "sustained period of challenging economic conditions for the retail environment", including weaker customer demand and rising operating costs.
Radley's financial struggles were evident before its administration, with pre-tax losses widening to £5.5m in the year to 26 April 2025, compared with £1.7m a year earlier. Turnover also dropped from £72m to £65.8m during the same period. Former owner Freshstream, which acquired Radley in 2016, had put the business up for sale earlier this year, with Next among the retailers previously linked to a possible deal.
Store Closures
The remaining stores in Covent Garden and Glasgow are expected to shut by the end of August, while its 19 concessions are understood to be trading into September before closing. The closure of Radley's remaining stores will bring an end to its directly operated UK high street presence.
Future Plans
Gordon Brothers ultimately acquired the brand with plans to move Radley towards an asset-light operating model focused on wholesale, licensing and international expansion. The investment firm said in May that it intended to grow Radley across the UK, US, Australia and Asia, while expanding into new product categories and strengthening relationships with retail partners. As reported by Retail Gazette, Gordon Brothers head of brands Tobias Nanda said: "Our goal is to invest in Radley and support the brand's next phase of development, expanding the brand's footprint in the U.S., U.K., Australia and Asia so future generations can experience the best of British craftsmanship."
The acquisition did not include Radley's UK retail operations, putting its store estate at risk and resulting in 42 immediate job losses. The Radley name itself is expected to continue through an increasingly wholesale and licensing-led model, with the brand's products potentially being sold through other retailers in the future.
