The Manchester Giants basketball franchise is seeking a new investor after being bought out of administration, it has been revealed.
17.03.2023 - 11:25 / manchestereveningnews.co.uk
The 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.
According to Quantuma's document, which has been filed with Companies House, four of Fast Fashion Collections International's 25 employees were made redundant on February 6. They had been part of the retail division of the business, which included concession stores in Selfridges, and was excluded from the sale.
In a statement issued to BusinessLive last month, Lavish Alice said none of its 20 employees based at its head office had been impacted.
In a new statement, co-founder Matthew Newton said: "Lavish Alice, the brand, is now benefiting from the discontinuation of wholesale operations, as previously announced.
"We have successfully satisfied all obligations, and we’re continuing to honour
The Manchester Giants basketball franchise is seeking a new investor after being bought out of administration, it has been revealed.
She has dressed some of the world's biggest A-listers including Lady Gaga, Lindsay Lohan and Liz Hurley. Now, Manchester-based fashion designer Zeynep Kartal is using her talent to help raise funds following a series of devastating earthquakes in Turkey and Syria which have left millions of people in need of urgent support.
With the sun making a few more appearances over the past couple of weeks as spring starts to kick into gear, the desire for a nice pint after work or at the weekend increases ever so slightly.
Manchester is home to the biggest NHS trust in the country, employing more than 28,000 people in the region. Today, the mammoth organisation's new leader is starting - a former nurse who worked at three Greater Manchester hospitals.
A warren of characterful Victorian streets and alleyways was sacrificed for the building of Manchester's Arndale Centre.
A debate has erupted in a Greater Manchester borough - over the location of the border between two areas.
A former town councillor in Bradford has been jailed after making fraudulent claims of more than £430,000 through the Government’s Eat Out to Help out scheme.
Families who are looking for a new home often want to get the right mix of a good location near to reputable schools and a generous living space, all within a reasonable budget.
A Greater Manchester children's arts and crafts maker owed almost £4m when it collapsed into administration and 30 people were made redundant, it has been revealed.
Jobs are set to be lost at a Manchester-based push bike brand after racking up losses of almost £4m.
Manchester United tried to sign midfielder Sofyan Amrabat in January but Fiorentina rejected the terms of the proposed deal.
Not long after being crowned the winner of Love Island last year, Ekin-Su Cülcüloğlu signed a £1million contract with online fashion retailer Oh Polly, with the contract being one of the biggest deals in the show’s history. However, just six months into the contract, Ekin-Su, 28, was dropped by the brand, and is now set to sue the brand, according to reports.
Manchester Orchestra have shared their reimagined acoustic cover of Cher‘s ‘Believe’. Check it out below.Lead singer Andy Hull and guitarist Robert McDowell on keys sat down in the SiriusXM studio and transformed Cher’s 1998 electro-pop hit into an indie ballad.
Manchester United booked a place in the FA Cup semi-finals with a dramatic 3-1 win over Fulham on Sunday evening.
Figen Murray, the mother of Manchester Arena attack victim Martyn Hett, has called on big music venues to add a 50p tax to tickets to improve security.
Tinky Winky, Dipsy, La La, or Po? Can you remember which you favourite Teletubby was from the much-loved 90s show? Whichever it was, you can now wear them on your feet after a footwear brand launched a range of boots and heels inspired by the nostalgic TV show.
READ MORE: In July she wrote about her love: "I am the luckiest woman in the world. You found me and knew that I wanted to find happiness and grace, all at the same time.
A construction company and its director have been fined after a house partially collapsed in south Manchester.
Hollywood A-lister Lindsay Lohan has announced she's expecting her first child with a sweet Instagram post. The 36-year-old actress, who shot to fame as a child star in the 1998 Disney film The Parent Trap followed by Freaky Friday and Confessions of a Teenage Drama Queen, shared the joyous news with her 12.4million followers.
The joyful moment Gorka Marquez was supported by daughter Mia was shared as his latest show came to Manchester. As Strictly Come Dancing professional Gorka tore up the floor in Firedance at The Bridgewater Hall on Saturday night, his fiancee Gemma Atkinson and their three-year-old Mia were cheering him on.