David Emanuel's Fashion Empire Collapses

0:00On March 6, the designer behind Princess Diana's iconic 1981 wedding gown, David Emmanuel, is facing tough times as both of his. Fashion companies have collapsed into bankruptcy. The businesses, licensed to design and renaissance man, own nearly 300,000 pounds in total debts, with no funds left for creditors. After listing uncertain assets, worth about 164,000 pounds. These firms set up in 2002 and 2018, racked up big liabilities including over 72,000 pounds in taxes to the government, more than 103,000 pounds to net west bank and 33,000 pounds to their energy supplier. Fictures and fittings valued at 96,000 pounds and directors loans of 60,000 pounds are now in doubt. Emmanuel, the 73-year-old Welsh designer, who split from his wife Elizabeth years ago, lists himself and his daughter Eloise, among the creditors, owe tens of thousands across the companies.

1:02He previously dealt with money woes after their divorce, and even appeared as a runner-up on, I'm a celebrity in 2013. Just this year, Emmanuel lost a high court battle against Elizabeth, who he accused of selling their joint designs without permission. Liquidators are now handling the fallout from both bankruptcies. While Emmanuel couldn't be reached for common, this chapter closes a glittering career that once dazzled the world, but couldn't sustain his labels.