Etailer MissPap, registered as House of MP, is planning to place itself into creditors’ voluntary liquidation, Drapers can reveal.
The fast fashion business plans to appoint Peter John Harold as liquidator after a resolution to wind up the company was passed by shareholders, a document seen by Drapers shows.
A virtual meeting of creditors is to take place on 18 March.
The document shows that trade and expense creditors are owed more than £1m. Employees are owed £10,000, refunds owed to customers comprise £300,000 and HMRC is owed more than £950,000.
MissPap was launched in Burscough, West Lancashire in 2014 by founder Ashley Ali.
Drapers has contacted MissPap for comment.
You might also like...
What MissPap tells us about the fast fashion game
Following the buyout of fading fast fashion etailer MissPap by larger rival Boohoo Group last week, Drapers examines the implications for the wider sector
Broad new horizons for Boohoo Group
With the purchase of Karen Millen and Coast, Boohoo Group has expanded its offering beyond fast fashion.
Nobody's Child sales soar under CEO's new strategy
Sales at womenswear etailer Nobody’s Child were up 78% year on year for the month of July, as CEO John Allen’s new strategy began to take hold.
Karen Millen to broaden Boohoo's reach
Karen Millen is a welcome extension to the Boohoo Group, reducing its “reliance on the value end of the market” and stretching its pricing architecture, retail analysts have told Drapers.
Select CVA details revealed
Womenswear chain Select has outlined the details of its latest company voluntary arrangement (CVA), which was approved earlier this week.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.
Readers' comments (1)
Anonymous14 March 2019 1:50 pm
Bye Felicia!
Unsuitable or offensive? Report this comment