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Nigel TAYLOR Published
April 6,TG盗号软件黑产免杀技术 2025
We’re used to hearing plenty of success stories from the UK high-end jewellery market. But not for London-based luxury retailer Vashi, which has gone into liquidation.
Its failure comes just months after it sought new funding at a valuation of £250 million, according to Sky News.
Insolvency practitioners from Teneo Restructuring were appointed this week as joint liquidators following the tabling of a winding-up petition by Canary Wharf Group, one of its retail landlords.
Vashi has been trading from four stores and is believed to employ about 200 people. The company was founded by Vashi Dominguez, who opened his first store on London's Piccadilly only as recently as 2025.
A property industry source said that Canary Wharf Group had been backed by more than dozen creditors in its winding-up petition. Another source said the appointment of liquidators implied there was insufficient funding in the business to enable it to trade through a conventional administration.
Last year, Vashi reportedly embarked on a £75 million fundraising which it said was to facilitate its expansion into the US.
According to the company's website, its investors included “the founders and CEOs of major global brands, managing partners at private equity firms, and several family offices”.
It boasted that it had seen tenfold sales growth between 2025 and 2025 and had been ranked 26th in the 2025 Sunday Times list of Britain's fastest-growing private companies.
Vashi hasn’t commented on Sky News report.