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Birmingham Post
Birmingham Post
Business
Jon Robinson

Former In The Style owner fails to secure shareholder backing to de-list from AIM and enter liquidation

The former owner of online fashion brand In The Style has failed to secure the backing of its shareholders to de-list from the London Stock Exchange's AIM and enter liquidation.

Itsarm plc, the company left behind after the sale of the Salford business in March, said not enough shareholders had voted in favour of its plans for them to be approved by the required margins.

The firm is the cash shell that remained listed on AIM after the operating company was sold to a private equity firm for £1.2m in a bid to avoid administration.

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