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Paragon would have been willing to acquire the entire Communisis business on a solvent basis – including its pension scheme liabilities – for £1 in May 2023, but the deal was rejected and the group struggled on for a further seven months before going into administration with a subsequent pre-pack sale of parts of the business to… Paragon.
The clothing line Liam Gallagher founded, named Pretty Green, is reportedly unable to pay back creditors the £16 million it owes because of insufficient funds. The Oasis hitmaker, 48, launched the menswear brand in 2009 to replicate his own eclectic sense of style, and was hoping for a boost in sales after being acquired by JD Sports when it plunged into administration in 2019. According to reports from The Sun on Thursday, paperwork from the company show that creditors will just be given a share of £133,751. Claim: Liam Gallagher's Pretty Green clothing line 'will be unable to pay cred...