PW Clothing, a London-based knitwear supplier for high street multiples including New Look, Asos.com and Dorothy Perkins, has ceased trading.
Drapers understands from one source that the business is trying to find a buyer to prevent it from going into administration.
Another source, a former employee, said at least 10 members of staff at PW Clothing’s head office at Churchill House in Brent Street, north London, were made redundant last week.
She told Drapers: “We had been taking orders up until last week, then we were told on Wednesday that the banks weren’t giving us any more money and we had to get off the property immediately. It’s unbelievable.”
The business is understood to have worked with five factories in the Far East and Romania. The former employee said the factories are owed “hundreds of thousands” of pounds. “We are getting loads of emails from factories that want to be paid, but no one is sorting it out,” she said. “No one has been given any information.”
The business was originally headed by Ronald Granek. However, it is believed he left in October and it is not known who replaced him.
Granek previously owned another wholesale knitwear company, Photograph Wholesale, which he founded in 1996. The business appointed liquidators on March 14, 2013.
Stephen Lever, who owns wholesale business Harvest Clothing Group, is understood to have a financial interest in PW Clothing.
Granek, PW Clothing and Lever could not be reached for a comment.
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