According to BreakingNews.ie, the funds will be paid out to the company’s three shareholders: Basilisk Holdings Limited, TMD Unlimited, both registered in the Isle of Man, and Hatari Express Limited, based in Hong Kong.
The company is expected to be able to pay all of its debts in full, with the company’s recent accounts showing profits of €16 million at the close of 2021. Rocha’s wife, Odette, stepped down from her position as Director last month.
In 2021, Rocha discussed his decision to step back from fashion, saying: “One of the reasons I stopped was I had never spent a single Chinese new year in Hong Kong, as it always coincided with Fashion Week, so I wanted to do it before my mother passed away.”
One of the country’s best known designers John Rocha looks set to share in a pre-tax €11.5 million windfall from his design firm. https://t.co/RN8lRvxX1d— breakingnews.ie (@breakingnewsie) January 16, 2023