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A Suit That Fits trading division goes bust

DW Clothing Limited, the trading division of tailoring business A Suit That Fits, has fallen into liquidation, leaving debts of more than £2m.

Daniel Warwick, director of DW Clothing, blamed the collapse on a weak retail environment, Brexit-related import price rises and an earthquake in Nepal, where the company manufactures its clothing, according to The Times.

Unsecured creditors are said to be owed more than £2m, a sum which includes an “intercompany” debt to DKSG Bespoke. DKSG Bespoke was behind a crowdfunding campaign for the business, raising almost £1.5m, most of which was injected into A Suit That Fits, according to Warwick.

A Suit That Fits is currently still trading under a new company run by Warwick – Tailored Franchises.

The business was originally founded in 2006, but collapsed into administration in 2013, before its assets were sold to DW Clothing.

Readers' comments (12)

  • The liquidator should get to work and get the assets properly sold to a solvent company.
    Where will they go for funding after they go bust again this year? No Bank will touch them, and crowdfunding is out of the question.
    Maybe their staff could stand at Piccadilly Circus with cans seeking donations, or, as an alternative pay Nepalese- level wages to their staff.
    On second thoughts, they would still manage to go bust.

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  • For anyone interested, there is a heartrending story on change.org of the company in Poland who did their alterations and went bust due to that fact that they were not paid, and everyone lost their jobs. They were promised payment and carried on working for them on that basis.
    Just one example of the trail of devastation these unscrupulous people have left. I cannot understand how anyone could represent them, and take money from clients knowing that they could go bust again at any moment. All the crowdfunding investors lost their money.
    They will have nowhere to go at the next insolvency, which is inevitable.
    Shameless beyond belief.

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