The Cape high court has placed the Facets ladies lifestyle centre, which is owned by Susan Brown, the wife of Fidentia Asset Management boss Arthur Brown, under provisional liquidation, said Business Report yesterday.
The Cape high court has placed the Facets ladies lifestyle centre, which is owned by Susan Brown, the wife of Fidentia Asset Management boss Arthur Brown, under provisional liquidation, said Business Report yesterday.
The court was told that Facets owed 75 employees salary arrears of R400000 and other trade creditors R1,5million, and was commercially insolvent and unable to pay its debts as they fell due. Arthur Brown was recently arrested on fraud and theft charges. - Sapa
under liquidation
The Cape high court has placed the Facets ladies lifestyle centre, which is owned by Susan Brown, the wife of Fidentia Asset Management boss Arthur Brown, under provisional liquidation, said Business Report yesterday.
The Cape high court has placed the Facets ladies lifestyle centre, which is owned by Susan Brown, the wife of Fidentia Asset Management boss Arthur Brown, under provisional liquidation, said Business Report yesterday.
The court was told that Facets owed 75 employees salary arrears of R400000 and other trade creditors R1,5million, and was commercially insolvent and unable to pay its debts as they fell due. Arthur Brown was recently arrested on fraud and theft charges. - Sapa