A subsidiary of insolvent luxury brand management business Marchpole Group
has been sold.
JCC, the brand and producer of clothes and accessories in partnership with
designer Jean-Charles de Castelbajac, has been sold to Atlas Design Group for
Administrative receivers from Grant Thornton, who achieved the sale, were
pleased with the deal.
‘The sale of the shares allows the business to move forward under new
ownership, while realising value for Marchpole’s creditors,’ said Grant
Thornton’s Martin Ellis.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies