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LONDON — Luxurious lingerie model La Perla is elevating new funds and paying off excellent money owed within the U.Okay. that had led to a collection of winding-up petitions filed by collectors.
The Italian lingerie model, which is now based mostly in London, had been served winding-up notices prior to now months by Purple PR; the accountancy agency Mazars; the design company Edge Retail, and the consultancy agency HSO Enterprise Options.
Within the U.Okay., a winding-up petition is a authorized discover that collectors file with the courts to ascertain whether or not a debtor firm is bancrupt. It may be a primary step on the highway to liquidation.
Petitions from Purple PR, Mazars and Edge Retail have since been withdrawn after La Perla paid its money owed. In line with court docket paperwork, the corporate nonetheless owes HSO Enterprise Options greater than 701,129 kilos, and a winding-up petition remains to be pending.
The model mentioned in an announcement to WWD on Tuesday that the excellent debt was because of a “easy timing situation,” and added {that a} new marketing strategy has since been submitted and permitted by the board.
“The funds are actually out there, and each excellent cost can be settled very quickly,” the assertion mentioned.
The corporate added that it plans to stipulate its new technique within the coming months.
Information of the winding-up petitions was first reported by The Sunday Occasions of London.
In line with separate court docket paperwork, a breach of contract case stays open between La Perla and Trend Design Consultancy LLC, an organization owned by “My Unorthodox Life” star Julia Haart and mannequin Mandy Lieu.
The latter made headlines in Asia following her shut relationship with Alvin Chau, the disgraced Macau playing tycoon. Earlier this 12 months, Chau was sentenced to 18 years in jail for greater than 100 prices together with organized crime and unlawful gaming.
WWD has reached out to La Perla individually for remark in regards to the breach of contract case.
Haart served as artistic director of La Perla from 2016 to 2018 when the corporate was owned by her ex-husband, the Swiss entrepreneur Silvio Scaglia. He offered it to the German businessman Lars Windhorst’s non-public fairness agency Sapina Holding, which is now referred to as Tennor.
The model has been looking for new income streams and has expanded into beauty and swimwear. It turned one of the first brands to affix Amazon Luxury Shops. The corporate additionally invested $50 million into the now-shuttered British couture house Ralph & Russo.
It stays closely indebted. Final 12 months, La Perla logged pre-tax losses of 48.8 million euros on gross sales of 69.1 million euros, in keeping with the corporate’s annual report.
La Perla was based in 1956 by the corsetry-maker Ada Masotti. Her son, Alberto Masotti, headed the enterprise till it was offered to personal fairness participant JH Companions in 2007. Possession of La Perla later handed to Scaglia.
La Perla isn’t the one London-based vogue model to run into monetary difficulties post-pandemic.
The Vampire’s Wife, a vogue model recognized for its flowing sharp-shouldered attire and gothic appeal, is about to be placed into receivership by the British courts this month.
Christopher Kane, one among London’s best-known and most gifted designers, final month entered administration and is hoisting a for sale sign.
The corporate mentioned the board of Christopher Kane Ltd. has just lately resolved to file a discover of intention to nominate FTS Restoration as directors to hammer out a rescue plan.
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