Fashion designer Julien Macdonald has agreed to repay £150,000 to creditors after his company, Julien Macdonald Ltd, went into liquidation three years ago, a report from the liquidators has disclosed. The company's liquidation left creditors, many of whom were self-employed, owed £524,000, with Macdonald's employees also facing claims of £162,000.
Macdonald, 55, reportedly disputed owing at least £400,000, which the liquidators attributed to "excessive remuneration in the lead-up to the liquidation." Following legal action initiated by the liquidators, a settlement was reached. The agreement permits Macdonald to make the repayment in installments, with the first due at the end of last month and the final payment scheduled for the end of March.
One self-employed creditor expressed that the £150,000 settlement would likely be consumed by legal fees and liquidator payments, leaving them with "nothing, not one penny." This creditor was among those recruited by Macdonald for a fashion show in 2023.
Macdonald, known for designing outfits for figures including Queen Camilla, has declined to comment on the matter. He recently designed a burger box for McDonald's.
In other celebrity news, model and actress Cara Delevingne has accumulated £34.9 million in her firm, Cara & Co, which handles her modeling and acting earnings. Meanwhile, comedian Dominic Holland, father of actor Tom Holland, shared his anticipation for alone time when his wife travels, describing it as "intoxicating."
Alice Naylor-Leyland, a friend of Princess Beatrice, recently experienced a scare during a video shoot for her business, Mrs Alice. An owl, part of the shoot promoting an autumn collection, took flight unexpectedly while perched on her hand, causing her to scream. Singer Boy George revealed he was uninvited from a memorial service for his friend, fashion designer Pam Hogg, stating he was "there in spirit."