Unfairpak Forum - How Farepak Stole Christmas

On Friday 13th Oct 2006 - Farepak Hampers went into administration. Over 100,000 customers were told that no food hampers or vouchers or other goods will be supplied this Christmas as promised, and no refunds! Share your thoughts here...
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PostPosted: Fri May 18, 2012 12:37 pm 
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http://companyandfinanciallaw.co.uk/201 ... on-24-may/

Disqualification action against former Farepak directors to start on 24 May

Back in February 2011 we covered the decision of the Insolvency Service to apply to the High Court, on behalf of the Secretary of State for Business, Innovation and Skills, for disqualification orders to be made against nine individuals in relation to their conduct as directors of European Home Retail Group PLC and/or Farepak Food & Gifts Limited (Farepak).

The trial has now been scheduled to start on 24 May.

One of the former directors subject to the disqualification application is Sir Clive Thompson, the former chief executive of Rentokil Initial plc, a former President of the Confederation of British Industry and a former Deputy Chairman of the Financial Reporting Council.

Farepak, which operated a Christmas savings club, collapsed in October 2006. As Farepak (lawfully) operated an unregulated savings club, there was no compensation mechanism for customers. See the “Campaign for the victims of Farepak” website here.

Company and Financial Law have kindly linked our website so that we can continue updating people with everything they need to know

All good things come to those who wait!!!

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