Abstract
Stylo plc is an example of corporate governance in a large public company that entered pre-packaged administration following rejection of a CVA proposal. The main cause of its financial distress was increasing costs, linked to a decline in consumer demand for its major products and a failure to innovate quickly enough to keep up with competition. The main governance issue is the directors’ control over the informal and formal rescue process. The pre-rescue corporate governance style in Stylo plc is strongly determined by the company’s history of concentrated ownership.
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Notes
- 1.
Stylo Barratt Shoes limited, Stylo Barratt Properties limited, Priceless Shoes Properties Limited and Comfort Shoes Limited.
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Parkinson, M.M. (2018). Case Study 1: Stylo plc. In: Corporate Governance in Transition. Palgrave Studies in Governance, Leadership and Responsibility. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-77110-6_7
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