Members of the Teneo Restructuring insolvency team have been appointed as joint liquidators of the holding company for Vashi.
Vashi was founded by Vashi Dominguez and operates four UK outlets. It was reportedly the landlord of one of its stores that issued a winding up petition which drew the support of more than ten creditors of the jewellery retail business.
Vashi had apparently raised £75 million from investors last year to fund growth in the US market. The business which also traded online has a message posted to its website to say that it is no longer accepting orders and directs concerned parties to Teneo.
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