Le Col owners write off millions of debt in pre-pack administration deal
July 8, 2026
In the latest twist for the troubled apparel brand, Le Col has been sold out of administration to Head UK Ltd, essentially the same company that bought the British cycling apparel brand less than five months ago in February. The administration deal (similar to a bankruptcy sale in the US) wipes out some £5.1 million in debt owed to Head, and another £3.1 million to other creditors.
Head already owned Le Col before the pre-pack deal, so this wasn’t really a case of a new buyer stepping in. escape collective
