Order Tag

LONDON – The Vampire’s Wife, a fashion brand known for its flowing sharp-shouldered dresses and gothic charm, is ready to be placed into receivership by the British courts next month. An organization statement confirmed that U.K. Revenue and Customs officials have issued a winding-up order for the corporate, with a court date set for July 12. A winding up order is issued when a British court decides that an organization cannot pay its debts. An officer of the court, or receiver, is then put accountable for winding up the corporate. The officer freezes an organization’s bank accounts and sells its assets. The statement said the wind-up order was on account of “debt built up as a consequence of lockdown strategies to tackle the...