Sloane Rangers’ favourite store, The General Trading Company, has collapsed into administration following a suspected downturn in trade as a result of the credit crisis.

Royal favourite: the famous store in London’s Sloane Square has appointed administrators despite its list of distinguished clients

The Sloane Square emporium, which ran the wedding list for the Prince of Wales and the Duchess of Cornwall’s 2005 wedding and has a number of Royal Warrants, appointed MCR, a restructuring specialist, as administrator yesterday.

The store was founded in 1920 by the Part family and became one of London’s first upmarket homewares and furniture stores. In the 1960s and 1970s The General Trading Company expanded in both the UK and abroad. However, it closed its satellite branch in Cirencester in 2007.

The store remains open and MCR said it was 'confident' it would be sold very shortly.

Daily Telegraph, The Independent