The owner of a fashion business that manufactured and sold Paula Ryan clothing has called in liquidators, who say the business was not directly connected to founder Paula Ryan , nor the brand, which is continuing to operate. However, this development - and the looming closure of Smith & Caughey’s - appears to have prompted Paula Ryan to transition her business to an online-only fashion operation. Paula Apparel 2020 Ltd, trading as Paula Ryan NorthWest, is now in the hands of Rodgers Reidy liquidators, with an initial report estimating a shortfall to secured, unsecured and preferential creditors of $1.
01 million. Richard Less of Rodgers Reidy said: “The company in liquidation was only the licensed manufacturer of the Paula Ryan brand and operated the outlet shop in NorthWest. There is no direct connection to Paula Ryan in Christchurch or the brand, which is still operating normally.
” The initial report shows creditors of the insolvent company include Paula Apparel, Paula Ryan Enterprises and Paula Ryan Ltd, with many others..
