Raheem Sterling's fashion brand collapses after racking up huge losses
Source: Express
Published 3 hours ago
Chelsea's exiled star, Raheem Sterling, has faced another setback as his 1692 clothing brand has been shut down, according to Companies House. The records reveal that the company was struck off the register and dissolved after failing to challenge a previous notice.
At the peak of his tenure at Manchester City in 2021, Sterling launched the brand with British designer Samiyah Miah. However, 1692 Fashion Limited lost nearly three-quarters of a million in its first year, with losses reaching £1.05m by May 2023. The 30-year-old did not submit accounts for the 2023-24 financial year end, resulting in a compulsory strike-off warning over the summer. After failing to respond, the company is now officially defunct.
Sterling has had a difficult few years, being left out of the Chelsea line-up and having an unsuccessful loan spell at Arsenal, which didn't result in any firm permanent transfer interest last summer.
Despite his contract at Stamford Bridge not expiring until 2027, Sterling appears to have no plans to leave unless a substantial offer comes in. For now, he will continue training at Cobham, but not with the first...
Continue Reading: Raheem Sterling's fashion brand collapses after racking up huge losses
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