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Liam Gallagher’s fashion brand Pretty Green about to close down

By Mei Ling Tan
1 min read
Liam Gallagher’s fashion brand Pretty Green about to close down
Liam Gallagher’s fashion brand Pretty Green about to close down

Liam Gallagher’s fashion brand Pretty Green is preparing to undergo insolvency proceedings.

The mod-inspired fashion label, set up by the former Oasis lead singer, will appoint administrators this week, enlisting Moorfields Advisory to handle the process.

A report by Sky News said the filing allows a certain time period for Pretty Green to secure a buyer. Commentators with knowledge of the transaction have revealed Moorfields to have been floating the label to potential purchasers throughout this month.

Pretty Green’s turnover rose to £38.2 million (US$50.33 million) in the 16 months to January last year, with pre-tax losses narrowing to £1.5 million ($1.98 million) from a £5.6 million ($7.38 million) loss.

The brand has suffered under the flailing retail environment in the UK. A spokesperson for the brand said “Pretty Green is not immune to the challenges facing the UK high street as customers migrate from purchasing in store to online”.

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