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Design

Liric Limited buys troubled Elllie Louise chain

Liric Limited, owned by fashion entrepreneur Michael Basso, has just announced the acquisition of failed women's clothes retailer, Ellie Louise. The latter went into administration earlier in April. "We wish the company and its new owners all the best for the future,” commented on the sale Graham Wild, partner at administrators Zolfo Cooper. "We...

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Design

Ellie Louise goes into administration

Women’s fashion retailer Ellie Louise has gone into administration. Administrators from restructuring firm Zolfo Cooper said that the Leeds-based retailer had suffered ‘cash flow problems’ and its finances woes were ‘exacerbated’ by its 2010 purchase of the Trade Secret brand. Currently the company, which operated shops under the Ellie Louise,...

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