According to the Telegraph, fashion retailer Nicole Farhi
collapsed with debts of around £20 million, including over £500,000 to the
taxman. The article reveals that Nicole Farhi owed £15.7 million to its owner
Kelso Place Asset Management, while unsecured creditors stand to lose £2.9
million. Maxine Hargreaves-Adams, the daughter of Matalan founder John
Hargreaves, recently agreed a deal to buy the brand.
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