By  on November 19, 2008

LONDON — Allegra Hicks, the ready-to-wear and home furnishings firm that counted Gwyneth Paltrow, Brooke Shields and Oprah Winfrey among its clients, is the latest British name to fall victim to the credit crisis.

On Wednesday, chief executive officer Pia Marocco said the company founded by Allegra Hicks in 2003 has gone into administration, the U.K. equivalent of Chapter 11. Marocco and co-owner and designer Allegra Hicks are hunting for an investor to shore up the company, she added.

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