No joy for Facia creditors

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The Independent Online
Creditors of the collapsed Facia retail group were denied the opportunity to question former directors of the company at a creditors' meeting in Leeds yesterday.

Stephen Hinchliffe, former Facia chairman, did not attend on advice from his lawyer. Christopher Harrison, the former finance director, did attend and chaired the meeting. However, he declined to answer questions.

Around 40 Facia creditors attended the meeting at which BDO Stoy Hayward was appointed liquidator. This was the choice of Sears, whose footwear businesses are a big creditor of the Facia group.

Stoy Hayward was appointed liquidator of Facia and all its subsidiaries including, Contessa, Sock Shop, Oakland Menswear, Red or Dead, Oakland Menswear, Torq Fashion, Salisbury's and Dovetail cabinetmakers.