Sixty UK, the UK distributor for young fashion brands Miss Sixty and Energie, has filed for liquidation after the High Court last month rejected its Company Voluntary Arrangement.
Business restructuring firm Bridge Business Recovery sent a letter to Sixty UK’s creditors inviting them to a meeting on September 8. The meeting is expected to settle how much the liquidators will be paid and by what means, but there is no mention of remuneration for creditors.
The full list of creditors has not yet been disclosed but they are likely to include British landlord Mourant & Co Trustees which entered a legal battle with the firm over two UK store leases at its Metquarter scheme in Liverpool.
Sixty UK was rescued from administration via a CVA last May after the business hit the wall in October 2008. However last month a High Court judge rejected the CVA, ruling it unfair to Landlord Mourant & Co Trustees.
Meanwhile Miss Sixty’s Italian owner Sixty Spa has set up a new company, Sixty Distribution, to distribute stock to its 300 wholesale accounts.
Jonathan Richards, managing director of Sixty UK, confirmed the company would be winding down but said orders would not be affected.
He said there would be no redundancies but declined to explain how this was the case or whether Sixty UK staff would switch across to the newly formed company.