Poundland owner Gordon Brothers has bought the brand and other assets of British handbag-maker Radley in a pre-pack administration deal.

Administrators at FTI Consulting said the retailer’s operating business did not form part of the transaction and 42 jobs have been made redundant with immediate effect.

Radley will continue to trade from its two stores and 19 concessions across the UK in the coming weeks as administrators wind down the brand’s stock.

The brand, which employs 342 people, brought in advisers from FTI earlier this year to explore strategic options for the business.

Administrators said Radley experienced “a sustained period of challenging economic conditions for the retail environment, including declining customer demand and increasing operating costs, all of which have had a negative impact on trading”.

It posted a loss of £2.2m in the year to April 2025, while sales in the US fell to £65.8m from £72m in the same period.

Radley was reported to have received interest from Next and Weird Fish owner Auralis.

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