Unique Blues, which makes males’s and women’ cotton knitwear, entered voluntary liquidation
The corporate has entered liquidation [stock image] (Picture: Getty)
A UK clothes producer has plunged into liquidation after 4 a long time in enterprise.
Unique Blues, which makes males’s and women’ cotton knitwear, entered voluntary liquidation.
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Liquidation is the authorized process by which an organization is formally dissolved. This sometimes entails promoting off the agency’s belongings to generate funds, that are subsequently used to repay excellent money owed owed to collectors and shareholders.
At a normal assembly on June 4, resolutions have been handed for the household enterprise to “be wound up voluntarily”.
Umang Patel of Neum Insolvency has been appointed liquidator for the needs of winding-up the corporate.
The corporate’s web site reads: “Our goal is to make you look and feel nice all 12 months spherical, sporting our distinctive and unique knitwear. Unique Blues knitwear is expertly crafted, providing a phenomenal number of flattering kinds, utilizing the softest, most snug and opulent pure yarns in interesting and versatile colors.”
Each piece within the Unique Blues assortment is created by its personal in-house design group, who draw inspiration “from the pure world, particularly nautical and marine themes.”
The corporate affords a variety of colors, together with its “very particular vary of real Indigo colors.”
“Our Indigo assortment completely depicts the refined variations of motion, fluidity and color of the ocean, due to the distinctive qualities of the genuine indigo dying course of,” the web site continues.
Unique Blues has entered voluntary liquidation (Picture: Fb)
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“Recognised for its ‘dwelling color’, every strand of this fabulously dynamic yarn displays the sunshine individually, giving the timeless, basic look of denim cloth, however in a knitted piece.”
Days earlier, the Specific reported {that a} UK trend big is ready to shut all its shops after getting into liquidation.
Clearance gross sales are underway throughout its 15 remaining Main Labels shops, with all inventory marked for everlasting closure.
Main Labels was one of many UK’s largest multi-brand trend retailers and was recognized for promoting discounted menswear and womenswear from manufacturers like Calvin Klein, Wrangler and Ben Sharman.
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