136
Fashion Jobs
ESTÉE LAUDER COMPANIES
Delivery Manager, Enterprise Marketing & Data
Permanent · BUDAPEST
BEELINE GROUP
District Manager (F/M/D) For Hungary & Romania
Permanent · DEBRECEN
PROCTER & GAMBLE
Category Growth Manager
Permanent · BUDAPEST
HENKEL
Raw And Pack Site Planner (m/f)
Permanent · BUDAPEST
PROCTER&GAMBLE
Finance Manager Development Program
Permanent · GYÖNGYÖS
PROCTER&GAMBLE
Future Key Account Manager Program (Budapest)
Permanent · BUDAPEST
PROCTER&GAMBLE
Future Finance Leaders Program (Hungary)
Permanent · BUDAPEST
PROCTER&GAMBLE
Junior Production Manager
Permanent · CSÖMÖR
PROCTER&GAMBLE
Packaging/Material (Process) Engineer
Permanent · GYÖNGYÖS
PROCTER&GAMBLE
Customer Operations Specialist
Permanent · BUDAPEST
PROCTER&GAMBLE
HR Business Partner Development Program (Hungary)
Permanent · CSÖMÖR
UNILEVER
Minőségbiztosítási Vezető, Nyírbátori Háztartás-Vegyipari Gyár
Permanent · NYÍRBÁTOR
HENKEL
Senior Network Supply Planner (m/f)
Permanent · BUDAPEST
HENKEL
Network Supply Planner (m/f)
Permanent · BUDAPEST
ESTÉE LAUDER COMPANIES
Delivery Manager, Enterprise Marketing & Data
Permanent · BUDAPEST
AVON
Mobile Solution Architect
Permanent · BUDAPEST
HENKEL
Gépkezelő Operátor
Permanent · KÖRNYE
LEVI'S
Sales Stylist/Bolti Értékesítő 40 Órás
Permanent · BUDAPEST
LEVI'S
Sales Stylist/ Eladó 20 Óra
Permanent · BUDAPEST
JO MALONE LONDON
Jo Malone London Stylist
Permanent · BUDAPEST
MAC
MAC Makeup Artist - Part-Time
Permanent · BUDAPEST
LA MER
LA Mer Expert - Mammut, Douglas
Permanent · BUDAPEST
Published
Dec 5, 2018
Download
Download the article
Print
Text size

Orla Kiely creditors owed £7.25m, most to get no money back

Published
Dec 5, 2018

The demise of the Orla Kiely fashion and lifestyle empire came with debts of €8.1 million (£7.25 million) and the firm’s unsecured creditors are owed around £5 million.


Orla Kiely



Administrators Chris Newell and Simon Bonney of Quantuma, have said that those unsecured creditors won’t get any of their money back.

Orla Kiely had built up a large fan base, including a raft of celebrities, for her quirky retro-inspired floral prints, but some analysts said her firm had over-diversified and was too widely available, undermining its pricing power. The Dublin-based company ceased trading in September as the retail environment stayed tough and unforgiving.

The administrators have filed a report with Companies House saying that the business had been profitable earlier this century but later "began to experience difficulties", partly due to the struggling retail sector.

The firm’s largest creditor is its bank, Metro Bank, which is owed £2.2 million and the UK tax authorities are also on the creditor list. Preferential creditors will receive 70% of their money back but ordinary creditors will be left empty-handed. The unsecured list includes "trade and expense creditors”, The Times reported, while the former directors, Kiely and her husband Dermott Rowan are owed £1 million. The company’s ex-employees are owed more than £315,000.

Copyright © 2024 FashionNetwork.com All rights reserved.