×
2 296
Fashion Jobs
BOOHOOMAN
CRM Assistant
Permanent · MANCHESTER
JOHN LEWIS
Loss Prevention Partner
Permanent · BRISTOL
JOHN LEWIS
Loss Prevention Partner
Permanent · EXETER
JOHN LEWIS
Loss Prevention Partner
Permanent ·
LRM GOODS
Marketing Manager
Permanent · GUILDFORD
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cambridge - 21 Hours - Part Time - Permanent
Permanent · Cambridge
ESTEE LAUDER
Clinique - Consultant - Boots, Horsham - 13 Hours - Part Time, Permanent
Permanent · Horsham
ESTEE LAUDER
Clinique - Consultant - Boots, Crawley - 13 Hours - Part Time, Permanent
Permanent · Crawley
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford Street - 22.5 Hours - Part Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots-Hampton, Peterborough - 11 Hours - Part Time, Permanent
Permanent · Peterborough
ESTEE LAUDER
Clinique - Consultant - Heathrow, Terminal 4 - 18 Hours / 3 Days - Part-Time, Permanent
Permanent · Longford
ESTEE LAUDER
Clinique - Consultant - Boots, Ballymena - 9.5 Hours / Week - Part Time, Permanent
Permanent · Ballymena
ESTEE LAUDER
Mac Cosmetics -Media And Advertising Manager
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Manchester, Handforth - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Lisburn - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Lisburn
ESTEE LAUDER
Clinique - Consultant - John Lewis, Oxford Street - 37.5 Hours - Full Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots - Fosse Park, Leicester - 28 Hours / Week - Part Time, Permanent
Permanent · Leicester
ESTEE LAUDER
Clinique - Consultant - Boots, Aylesbury - 30 Hours - Full-Time, Permanent
Permanent · Aylesbury
ESTEE LAUDER
Estée Lauder Companies Multi-Brand - Clinique & Origins Consultant - House of Fraser, Manchester - 14.25 Hours / Week - Part Time, Permanent
Permanent · Manchester
Ads
Published
Apr 14, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bagir files for creditor protection as business review continues

Published
Apr 14, 2020

Troubled tailoring specialist Bagir has taken steps to protect itself from its creditors as it faces a cash crunch due to the impact of the coronavirus on its primary markets, the UK and the US.


Bagir Group



The Israel-based company had said earlier that it was running out of cash. On Tuesday, it said it had reviewed its options and has filed an application to the District Court in Beer-Sheva, Israel, for an order in accordance with Section 18 of The Insolvency and Economic Rehabilitation Law 2018. It’s applied for “a temporary stay of proceedings against the company, appointment of a trustee and other relief”. 

Appointment of the trustee was requested to assess, during a period of 30 days, “the feasibility of maintaining the group's business and assets and/or the optimal manner of their realisation”.

For now then, there’s a prohibition on all disposals of the company's assets; any transaction not in the ordinary course of business; the start or continuation of legal proceedings against the firm; the discharge of its past debts; and the realisation of assets.

The court is expected to rule on the application by April 20 and the company's shares will remain suspended from trading on the London Stock Exchange.

The latest development follows a troubled several years in which it struck a deal to be taken over by Shandong Ruyi but later launched legal action as that deal and the funding that would have come with it failed to complete.

Earlier this year it had been relatively upbeat, talking about having signed some major orders with key retail clients. These orders will have evaporated under the pressure of the coronavirus crisis, of course.

Copyright © 2022 FashionNetwork.com All rights reserved.