Pretty Green is allegedly unable to pay suppliers and other companies that worked for the fashion brand before it’s shut down because there is no money left.
AceShowbiz –Liam Gallagher‘s former fashion label Pretty Green reportedly owes creditors over $18 million.
According to Britain’s The Sun newspaper, new documents filed with Companies House this week said 52 companies had made claims, worth more than $3.4 million, with the now-defunct brand.
Meanwhile, 274 other creditors were still to file their own claims, worth over $15.4 million.
Editors at the publication claimed that some suppliers and freight companies that worked with the Oasis singer’s brand before it was shut down last year will not be paid as there is “no cash left in the pot.”
“This is devastating news for a number of businesses, especially in the current climate. There’s just no cash left in the pot to pay everyone,” a source commented. “Former staff and some lenders will get their cash back from Pretty Green Ltd, but suppliers and freight companies will be singing for their supper.”
“If they can get any cash back it will still leave them well down, in many cases to the tune of six figures.”
Pretty Green was founded by the former Oasis star in 2009, but was bought out by JD Sports after it fell into administration in March 2019.
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