Hilco Streambank (www.hilcostreambank.com) has announced the completion of the sale of key assets of MADE-BY, the renowned European sustainable apparel advisor, to Anthesis Group, the global sustainability and solutions provider. The acquisition follows a competitive bidding process run by Hilco Streambank on the appointment of Brian Baker of Kingston Smith & Partners LLP as Liquidator of MADE-BY Label UK Limited (in Liquidation). Deal terms were not disclosed.
Established in 2004 and driven by a commitment to sustainability, MADE-BY’s overall mission was to make sustainable fashion common practice. Prior to commencing insolvency processes in October 2018, MADE-BY had operations in the UK, Holland, Italy and Germany, and supported leading fashion brands including Ted Baker, Primark, ASOS and G-Star to implement good environmental and social standards that could be maintained within a commercial environment. Its proprietary benchmark tools, which Anthesis clients will now benefit from, include sustainability progress analysis tool MODE Tracker™ and Environmental Benchmark for Fibres.
Hilco Streambank Director Nat Baldwin commented “We are delighted to have found a fitting home for the MADE-BY assets, following a competitive sales process which attracted global interest. We congratulate Anthesis Group on its strategic acquisition as well as Holly Browne (previously MADE-BY Head of Sustainable Product and Story) and Ria Kearney (previously MADE-BY Head of Sustainable Design & Partnerships), on joining the business.”
Brian Baker of Kingston Smith & Partners commented: “Given all the good work that MADE-BY had carried out, and the impact its work was having on the sector as well as the environmental implications, we were determined to find a home for the key assets. We’re delighted Hilco Streambank has been successful and this work can now continue through Anthesis Group.”
To learn more about the sale of the MADE-BY intellectual property assets visit Hilco Streambank. For enquiries please contact the below Hilco Streambank representatives: