EXCLUSIVE: tBO International declared bankrupt

tBO International, the company that took over troubled firm The Bodywear Office (tBO) in March, has been declared bankrupt.

In an emailed statement to Lingerie Insight, the appointed law firm on the case, Huisman Advocaten, confirmed that the company was declared in a state of bankruptcy by the district court of Zeeland-West-Brabant, the Netherlands on June 30.

An official bankruptcy report will be filed on July 9, according to a source close to the situation.

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tBO International, which traded under the name The House of Lingerie, attempted to revive tBO four months ago when it paid €5,000 (£3,550) for the "goodwill" to the firm, and €13,500 (£9,580) for its assets, according to legal papers from Houthoff Buruma, which was appointed to investigate the bankruptcy of tBO in February.

A detailed list of assets was not disclosed, but is known to include "various batches of lingerie in various locations". It is likely to include inventory from the brands that tBO used to represent: Madame SuperTrash, Jenny Packham Intimates and Hackett underwear.

There were 45 creditors discovered by Houthoff Buruma when tBO went bust, seeking a total of €967,718 (£686,865). "It is not yet known if the creditors can be paid," the law firm said in a report.

More details to follow.

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