Investors owed £9.4m from administration of fashion company
A report from administrators of Bradford-headquartered historic menswear retailer Greenwoods - which plunged into administration last year - has shed more light on the demise of the historic brand.
Due to the state of the company’s finances, the administrators at Deloitte said that secured creditors would not be paid in full. Pacific Trend Investment (PTI), an investment firm based in Hong Kong, was owed £9.8m at the time administrators were called in, with a further £11.8m owed as shareholder capital.
PTI received funds of ... For the full story register now for free or login below...