Manchester fashion brand racked up debts of almost £4m when arm collapsed into administration
manchestereveningnews.co.ukThe wholesale arm of a Manchester fashion brand racked up debts of almost £4m before it collapsed into administration, it has been revealed.
It has also been confirmed by Quantuma, the company overseeing the process, that a number of jobs were lost when Fast Fashion Collections International failed after it was threatened with a winding up petition by HMRC.
The Manchester-based company, which was the wholesale arm of Lavish Alice, was eventually sold in a pre-pack deal to founding directors Matthew Newton and Lee Bloor last month. READ MORE: Click here to sign up to the BusinessLive North West newsletter Lavish Alice-branded clothes have been worn by celebrities including Katy Perry, Kendall and Kylie Jenner, Ashley Graham, Eva Longoria, Jessica Biel, Nicole Richie, Elizabeth Hurley and Lindsay Lohan.
The brand was established in 2011 by the two friends and is now operating online only. The wholesale arm had previously had deals with the likes of Asos, Nordstorm, Bloomingdales, Saks Fifth Avenue, Selfridges and Harvey Nichols.
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