Business group behind Joe Bloggs fashion brand collapses
The business group behind fashion brand Joe Bloggs has fallen into administration, making all 60 staff redundant.
Jonathan Avery-Gee and Stephen Conn, from insolvency practitioner CG & Co, are the appointed joint administrators for the three companies trading collectively as Juice Corporation – Hornby Street, Continental Shelf 128 and Wembley Menswear Company.
In addition to its Joe Bloggs brand, Manchester-based Juice Corporation made Gabicci, Rawcraft, Loyalty & Faith, Juice and Elizabeth Emanuel, which designed Princess Diana’s wedding dress.
The company recorded a £13m turnover in its latest financial year.
The joint administrators have appointed Robson Kay as their agent to sell the assets, which have a value of around £7.5m.
David Kay, a director at Manchester-based Robson Kay, said: “We are looking to sell these as a package and have received a number of inquiries from potential buyers.
“We hope to achieve a sale in the near future.”
Juice owned a warehouse, offices and showrooms in addition to assets such as office furniture and forklift trucks.
Mr Kay added: “These [buildings] will be put up for sale in due course, with priority given to the buyer of the stock and intellectual property rights.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
The real value of AI is the time it gives back
Breaking the magnetic pull of London
AI scepticism is healthy. Inaction isn't.
What does NPPF mean for site price and planning gain?
What new NPPF rules mean for landowners
The hidden cost squeezing Britain's economy
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline
Devolution needs financial firepower to drive growth
The value of creating a stronger careers route
Apprenticeships: Invest in talent or keep chasing it
Are you ready for salary transparency?