Liam Gallagher’s Company in Trouble
- Pretty Green set to appoint administrators this week
- Owned by Oasis frontman Liam Gallagher
- Filed notice of intention to appoint Moorfields Advisory
- Impacted by House of Fraser’s website going offline in 2017
- Seeking new investment or a buyer
- Moorfields handled Toys R Us administration last year
Fashion brand Pretty Green, owned by Oasis frontman Liam Gallagher, is set to appoint administrators this week after filing a notice of intention to bring on Moorfields Advisory for insolvency assistance. The company was hit hard when House of Fraser’s website went offline in 2017 due to a dispute with warehouse operator XPO Logistics. The notice of intention expires this week, aiming to attract new investment or find a buyer. Moorfields Advisory, who handled Toys R Us administration last year, has seen interest from bidders. Liam Gallagher expressed optimism on Twitter, stating that the brand will ‘never die’ and come back stronger.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Pretty Green’s financial situation and the involvement of Moorfields Advisory in handling its administration process. It also includes quotes from a spokesperson and Liam Gallagher’s response on Twitter. However, it could be improved by providing more details about the impact of House of Fraser’s website issue on Pretty Green’s sales and the current state of the company.
Noise Level: 4
Noise Justification: The article provides relevant information about Pretty Green’s financial situation and the involvement of Moorfields Advisory, but it also includes some irrelevant details such as Liam Gallagher’s tweets and personal opinions which do not add much value to the overall understanding of the situation.
Financial Relevance: Yes
Financial Markets Impacted: The fashion brand Pretty Green’s financial situation impacts the company itself and potentially its investors.
Financial Rating Justification: This article discusses the financial struggles of the fashion brand Pretty Green, which is owned by Oasis frontman Liam Gallagher. The company has filed a notice of intention to appoint Moorfields Advisory for an insolvency protest and is seeking new investment or a buyer. This directly impacts the company’s financial situation and potentially its investors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text.
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