Written ByRobert Moore
Marketing Manager
Rob has over a decade of experience in web and general marketing. He has extensive knowledge of the Insolvency sector and has helped many worried directors with their questions.
Rob is now working with the Board at KSA Group Ltd to develop strategic marketing programmes to support the business plan and drive more company rescues.
In Less than two years after the online fashion store, which was then listed in London, was forced to sell to a family office investor in a fire sale, In The Style is on the verge of going into administration.
According to information obtained by Sky News, FTS Recovery is being considered to serve as the company’s administrator. Adam Frisby launched the business in 2013.
The fast-fashion store has suffered a decline in its financial performance in recent years, despite aligning itself with several well-known social media influencers.
The future of its remaining employees, as well as its brand and other assets, will be uncertain following its collapse into administration.
According to one source, the process could result in a pre-pack administration that involves Baaj Capital.
Before announcing his most recent departure last year, Mr. Frisby made at least two appearances back at the company.
In March 2023, Baaj Capital purchased In The Style, which had previously been valued at over £100 million, for just over £1 million.
In 2019, it went public on the junior AIM market in London.
How to terminate leases in a CVA
How to terminate leases in a CVA
What Does Going Into Administration Mean?
What Does Going Into Administration Mean?
Will I get my goods as the company has gone into administration
Will I get my goods as the company has gone into administration