The Born Clothing group is set to close its retail chain after years of sustained losses, leading the High Court to appoint provisional liquidators. The decision comes in light of the company's staggering €7 million debt, marking a significant downturn for the once-prominent clothing retailer.
This move by the High Court highlights the financial struggles faced by Born Clothing, which has been unable to recover from ongoing operational challenges. The appointment of liquidators signals a critical phase in the company's efforts to address its financial liabilities.