In The Style trims workforce as it borders on collapse
In The Style has cut at least 17 jobs as the fashion retailer teeters on the brink of collapse.
In The Style has cut at least 17 jobs as the fashion retailer teeters on the brink of collapse.
The company is understood to have informed impacted staff in a group meeting on Wednesday (26 February) and some employees have been dismissed without receiving their most recent pay checks, Drapers reported.
Several content creators and influencers including Eastenders’ Jacqueline Jossa and ex-Geordie Shore star Charlotte Crosby took to social media on Thursday (27 February) slamming In The Style over unpaid “five-figure sum” payments they were owed from their collaborative collections.
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The jobs cuts come as earlier this month it was reported that In The Style’s private equity owner Baaj Capital had filed a notice of intent to appoint administrators.
It is thought that restructuring firm FTS Recovery will strike a pre-pack administration deal for Baaj Capital, which acquired the business in March 2023 for just over £1m.
The fast fashion retailer has seen its financial performance deteriorate in recent years – a stark difference from the £105m it was once valued at when it floated on the stock market in 2019.
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