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Neil Prosser

Owner and managing director, Flannels

The designer sector may have felt the effects of the recession comparatively late, but when it finally came, it hit premium indies hard.

All in the same week, Cruise managing director John Heath suddenly left the retailer, while Flannels owner Neil Prosser issued a proposal for
a CVA.

But it is testament to Prosser’s experience, expertise and relationships with suppliers that all but one creditor voted in favour of the arrangement. As a result, 12 stores will remain open (three others will close) and brands will continue to have a respected, long-standing indie stockist for their collections.

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