×
437
Fashion Jobs
MAJE
Supervisor - Selfridges, London
Permanent · LONDON
HARRODS
Technogym -Wellness Consultant
Permanent · LONDON
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
TOO FACED
Business Manager - Stockton on Tees Teeside, UK
Permanent ·
Advertisements

Tillman calls for US-style Chapter 11 system as he steps down at Calvetron

Published
today Dec 6, 2017
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fashion entrepreneur and ex-BFC chairman Harold Tillman is calling for a US Chapter 11-style bankruptcy protection system to give struggling companies the breathing space to turn their operations around rather than falling into administration.


Calvetron Brands



The call came as he also stepped back from his interim role in charge of Calvetron Brands, the company that runs the Jacques Vert, Eastex and Dash labels.

Tillman said: “If we had Chapter 11 like in the US we would have more jobs and more businesses rescued.”

The Chapter 11 process has both supporters and detractors in the UK with some saying the system, which allows firms to continue trading while they re-organise, also allows incompetent management to continue. 

But others say it offers viable businesses the chance to recover without fear of short-termist creditors pouncing prematurely. It could also avoid the controversial ‘pre-pack’ administration deals that have been a regular feature of the under-pressure UK retail scene of late.

Tillman had been brought in as a strategic advisor to Calvetron Brands having headed a consortium that acquired the struggling brands owned by Style Group during the summer. He has since worked on a turnaround plan and named Peter Ridler as CEO.

Calvetron directo Haseeb Aziz said: “Harold’s extensive experience of the retail sector and his guidance has been enormously helpful to the business. With the business now well established, the company is confidently looking forwards to a successful future.”

While the Calvetron labels that Tillman has been overseeing were acquired in a pre-pack deal, the exec clearly feels the system is not ft for purpose and is still unhappy about the process that saw him losing control of Jaeger in 2012 and missing out on the chance of re-acquiring the brand when it collapsed earlier this year. A consortium of its suppliers had been interested in buying it with Tillman at the helm, but the administrators struck a behind-the-scenes deal with a holding company owned by Philip Day.

Copyright © 2019 FashionNetwork.com All rights reserved.