{"id":161040,"date":"2019-03-08T21:03:40","date_gmt":"2019-03-08T21:03:40","guid":{"rendered":"https:\/\/www.theindustry.fashion\/liam-gallaghers-clothing-brand-pretty-green-calls-in-advisers-amid-high-street-crisis\/"},"modified":"2021-08-12T13:55:22","modified_gmt":"2021-08-12T13:55:22","slug":"liam-gallaghers-clothing-brand-pretty-green-calls-in-advisers-amid-high-street-crisis","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/liam-gallaghers-clothing-brand-pretty-green-calls-in-advisers-amid-high-street-crisis\/","title":{"rendered":"Liam Gallagher\u2019s clothing brand Pretty Green calls in advisers amid high street crisis"},"content":{"rendered":"

Liam Gallagher\u2019s clothing brand Pretty Green has called in advisers<\/strong> as it struggles with the challenges facing the UK\u2019s high street.<\/p>\n

The clothing label has appointed Moorfields Advisory to review a range of options, just months after it took a hit from the collapse of House of Fraser.<\/p>\n

Pretty Green has 12 stores across the UK<\/strong> and is sold at concessions in several House of Fraser department stores, as well as online.\u00a0Singer Gallagher is its largest shareholder.<\/p>\n

In August it was left around \u00a3500,000 out of pocket from the administration of House of Fraser<\/strong>, becoming one of hundreds of suppliers to lose money in the chain\u2019s collapse.\u00a0The department store had debts of close to \u00a31billion when it went under.<\/p>\n

Advisers from Moorfields said in a statement that Pretty Green, which is named after a song by The Jam, had also been affected by the weaker retail environment.<\/p>\n

\u201cPretty Green is not immune to the challenges facing the UK high street<\/strong> as customers migrate from purchasing in store to online,\u201d a spokeswoman said.<\/p>\n

\u201cThe growing overall demand for the brand<\/strong>, coupled with a strong online customer base, position the company well to navigate these changes and we are therefore considering all options.\u201d<\/p>\n

The company\u2019s turnover jumped to \u00a338.2m in the 16 months to January 2018.\u00a0Pre-tax losses narrowed to \u00a31.5m from a \u00a35.6m loss.<\/p>\n","protected":false},"excerpt":{"rendered":"

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