×
1 857
Fashion Jobs
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
Advertisements
Published
Dec 5, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Orla Kiely creditors owed £7.25m, most to get no money back

Published
Dec 5, 2018

The demise of the Orla Kiely fashion and lifestyle empire came with debts of €8.1 million (£7.25 million) and the firm’s unsecured creditors are owed around £5 million.


Orla Kiely



Administrators Chris Newell and Simon Bonney of Quantuma, have said that those unsecured creditors won’t get any of their money back.

Orla Kiely had built up a large fan base, including a raft of celebrities, for her quirky retro-inspired floral prints, but some analysts said her firm had over-diversified and was too widely available, undermining its pricing power. The Dublin-based company ceased trading in September as the retail environment stayed tough and unforgiving.

The administrators have filed a report with Companies House saying that the business had been profitable earlier this century but later "began to experience difficulties", partly due to the struggling retail sector.

The firm’s largest creditor is its bank, Metro Bank, which is owed £2.2 million and the UK tax authorities are also on the creditor list. Preferential creditors will receive 70% of their money back but ordinary creditors will be left empty-handed. The unsecured list includes "trade and expense creditors”, The Times reported, while the former directors, Kiely and her husband Dermott Rowan are owed £1 million. The company’s ex-employees are owed more than £315,000.

Copyright © 2021 FashionNetwork.com All rights reserved.