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While Gordon Brothers is in line to receive money for helping the firm wind down, it is unclear whether there will be any money left for unsecured creditors such as landlords and suppliers.
After plunging into administration last year, the business will close its doors on Thursday January, 9.
The prosecution includes allegations of manipulating stock market prices, forgery and running a criminal organisation.
The restructuring plan includes shutting down loss-making stores and transferring core business assets to a new company that will be wholly owned by Folli.
Links of London’s administrators, Deloitte, have called in property advisors to help dispose of the firm’s retail stores in the UK & Ireland. According to...
British jewellery brand slashes prices at physical boutiques after entering administration.
British brand's fall into administration has forced almost 40 head off employees out of a job.