People Tree Limited - Liquidation

People Tree Limited, the UK arm of the People Tree Group, a fair trade fashion house, entered liquidation on 28 September 2023. The company cited the reduced demand for the its products resulting from the Coronavirus pandemic, the increased cost of doing business in the EU and further reductions in demand within the UK and in the EU following Brexit and the invasion of Ukraine as the reasons for its failure. Trevor Binyon and Jo Rolls of Opus were appointed as liquidators. Shared Interest Society Limited and Oikocredit Ecumenical Development Cooperative Society U.A. have registered charges against the company.