Sadie Frost’s FrostFrench fashion revived in dramatic rescue.
Posted on August 1, 2008Sadie Frost.
Sadie Frost’s fashion line, FrostFrench, was founded with her best friend, Jemima French, in 1999. Now, barely 9 years later, FrostFrench is in debt.
FrostFrench has a huge debt of $8 million dollars. The fashion label has folded and one creditor was owned more than $6.6 million. In 2007, Frost French had a large loss of about $1.5 million. The previous years’ accounts were not good either.
A Norwegian film producer has invested in the fashion line and renamed it FrostFrench London Retail. It was a dramatic rescue and close shave for FrostFrench. After some initial reshuffling of management, Sadie Frost and Jemima French were re-instated as the management again.
Source: news
Pics: WENN
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