Fancy dress chain sold in £70k pre-pack deal

Luvyababes, the Manchester-based high street fancy dress outlet, has been bought by its former owners in a pre-pack deal after entering administration owing more than £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, which also traded from outlets in Nottingham and Derby, claimed a downturn i... 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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