Liquidation news and archive

French retail chain Minelli starts liquidation sale ahead of its permanent closure

Paris - “Liquidation -60 percent”: hastily put up on Wednesday morning, small posters in the window set the tone. As another victim of the ready-to-wear crisis, French shoe retailer Minelli will permanently close its doors after May 30. The brand's shops, which entered receivership in March for the second time in three years, will remain open...

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Heritage hatmaker Christy & Co. falls into liquidation

Christy & Co., the parent company of heritage hatmaker Christys, has been placed into voluntary liquidation and is winding down after 253 years in business. According to filings with Companies House, insolvency specialists Yiannis Koumettou and Amie Helen Johnson of BTF Begbies Traynoy LLP have been appointed to oversee the process. Documents...

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Francesca’s: The journey to a second bankruptcy for the US mall-based retail chain

US retail chain Francesca’s has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of New Jersey. The news comes after media reports speculated that the company was already in the process of liquidating its inventory and was planning to close stores. At the time, it was suggested that Francesca’s was also...

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UK arm of People Tree falls into liquidation, owes 8.5 million pounds

The UK business of ethical fashion brand People Tree is believed to have fallen into liquidation after accumulating debts of over 8.5 million pounds in light of deteriorating trading conditions. It is understood that the company’s creditors have received warnings that it could not meet the debts, with a meeting now expected to be held September...

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Julien Macdonald’s brand falls into liquidation

The eponymous brand of Welsh designer Julien Macdonald has become another victim of the current economic climate, having fallen into liquidation as a result of turbulent market conditions. The news had been confirmed by FTS Recovery, which told WWD that Alan Coleman and Marco Piacquadio had been appointed as joint liquidators to the luxury...

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Camaieu's liquidation leaves employees in shock

"I hope you will be punished": when the commercial court of Lille announced the liquidation of Camaieu, its employees took Michel Ohayon, the Bordeaux businessman who had taken over the ready-to-wear chain and its 2,600 employees, to work. "We fought for this company! I'm as appalled as you are", the businessman, who heads the Financière...