Fancy dress chain sold in £70,000 pre-pack deal

Luvyababes, the high street fancy dress outlet with outlets in Nottingham and Derby, has been sold in a pre-pack deal after entering administration owing over £400,000 to creditors.The firm, which called in administrators from Leonard Curtis in January, was bought by Okyloki, which is run by Luvyababes founders David and Amanda Williams, for £70,000, with 44 staff transferring to the new company. Four staff were made redundant.Luvyababes claimed a downturn in high street sales was enough to send one of the East Midlands' bes... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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