Premium womenswear site Style-Passport has stopped trading after it failed to secure new investment.
The site, which launched almost two years ago and focuses on holiday wear, posted a note on its site on Tuesday (March 5) informing customers that it had gone into voluntary liquidation.
The statement blamed the “most difficult economic environment” for its financial woes, adding that a round of investment had “collapsed at the last minute”, leaving the business with no alternative but to call in the liquidators.
Existing orders will be fulfilled and Style-Passport said it was working with suppliers to ensure that “none are left materially out of pocket”.
The company has appointed Pat Marsh, Barrie Harding and Marc Potter of Marsh Hammond & Partners to oversee the creditors’ voluntary liquidation.
“Everyone at style-passport would like to thank its devoted customers, our shareholders, agencies and suppliers who have supported us these past two years,” the statement said.