So they can just owe people £200k, shut up shop, change the name slightly and start trading again? I can understand how creditors are furious. It's outrageous really that they can get away with doing that. Surely there are laws against reckless trading, defrauding people out of money etc. If I was a supplier I'd be insisting on cash on delivery but really I wouldn't touch them with a bargepole! How is anyone crazy enough to supply them with stock in this new store knowing they'll most likely never be paid?
Unfortunately, there aren't (laws) and I agree it is shabby business practise.
I suppose the owners of DC think they should do whhatever it takes to preserve their "institution", but although I loved the shop & used it quite a bit, I feel a bit like having contributed to someones's leaving present & drunk their health at their leaving do, who then gets a promotion & decides to stay.
Surely something more effective could have been done to fund the ongoing business (in whatever form) ?
I have very mixed feelings about the contiuation of Dress Circle now, they have not handled the whole matter very professionally at all.
(And this is not negativity & bile; I see it a lot in the retail business & it's just not right!)