14 Jul 2009

Canterbury Europe go into administration

8:04 am on 14 July 2009

The European arm of sportswear firm Canterbury has gone into administration with the loss of 72 jobs in the UK.

Canterbury Europe, based in Stockport, is best known for its rugby shirts, and supplies teams including the Scottish national side, Wasps and Leinster.

Administrators KPMG say the firm had been hit by tough trading and an "unsuccessful" move into other sports, including supplying Portsmouth FC.

All contracts with clubs had now been cancelled.

KPMG says the clubs all now become unsecured creditors in relation to any money they are owed.

They say the European business will continue to trade under the administration while they try to find a buyer for the business and assets.

Canterbury's businesses outside Europe are unaffected, although KPMG added that the parent company, New Zealand-based Canterbury Group, was itself looking "for a potential acquirer or new investor".