UK clothing brand loved by celebs plunges into administration

The streetwear brand founded over 21 years ago has plunged into administration after making millions in profit during the pandemic and being worn by celebrities

Olivia Beeson UK & World News Reporter

03:12, 31 May 2026Updated 22:42, 01 Jun 2026

View 2 Images

The brand worn by Rihanna is entering administration(Image: Gotcha)

A UK fashion brand, worn by the likes of Rihanna, has collapsed into administration after generating millions in profit in recent years.

Trapstar, founded in 2005, was loved by many celebs, with Stormzy also being seen in some of the brand's clothing.

Now, administrators have been appointed as the business was unable to find financial backing.

Administrators from Interpath Advisory were appointed on Friday after a two-month long effort to gain financial support.

The streetwear brand grew in popularity amid the Covid pandemic, generating a whopping 40m in 2022 according to reports.

A spokesperson for the brand told the Sun: Management have advised that recent revenue decline has primarily been driven by working capital constraints impacting inventory availability, rather than any underlying demand or brand performance.

[A model walks the runway at the TRAPSTAR London SS26 fashion show during NYFW on September 16, 2025 ]

View 2 Images

The clothing brand was founded in 2005

According to reports there is interest from potential buyers as the brand seeks to help combat challenges.

As the business goes through the insolvency process it is thought that Mike Ashleys Frasers Group may place a possible bid.

The retailer released limited editions drops and was stocked in several department stores when operational, including Selfridges on Oxford Street.

The brand has 57 employees according to its latest accounts.

Despite revenue decreasing, in 2024 the firms revenue sat at 17million.

Article continues below

Profits also decreased over time with the firm going from turning over 7.4million to just 1.2million in 2023.

The four directors of the brand receive a combined yearly remuneration of 3.6million.

The Mirror contacted Trapstar for further comment.

[Daily Mirror Icon]

ENJOYED THIS STORY?

Choose Daily Mirror as a 'Preferred Source' on Google News for quick access to the news you value.

[Google Preferred Source Badge]

At Reach and across our entities we and our partners use information collected through cookies and other identifiers from your device to improve experience on our site, analyse how it is used and to show personalised advertising. You can opt out of the sale or sharing of your data, at any time clicking the "Do Not Sell or Share my Data" button at the bottom of the webpage. Please note that your preferences are browser specific. Use of our website and any of our services represents your acceptance of the use of cookies and consent to the practices described in our Privacy Notice and Terms and Conditions.