- 5 updates
Leicestershire fitness guru Rosemary Conley's firm is being restructured by administrators, who were called in yesterday.
They were brought in following a recent slump in magazine sales and debts from the launch of a digital TV channel.
Six members of staff are being made redundant at the firm's headquarters in Quorn.
Speaking about two of her firm's being placed into administration today. fitness expert Rosemary Conley said:
Administrators were called in after Rosemary Conley TV failed to turn out a profit, and a recent slump in magazine sales.
The administrators called in to look for potential investors for two firms set up by Leicestershire fitness expert Rosemary Conley have issued the following comment:
Six staff are being made redundant at the firm's HQ in Quorn. It's after a slump in magazine sales and debts from the launch of a digital TV channel were revealed.
The financial problems at Rosemary Conley Food & Fitness Ltd have been attributed to the cost of launching a dedicated television channel.
The company say since its launch Rosemary Conley TV has failed to make a return, and has been draining the company's resources 'for years'.
More than one million pounds was originally used to set the digital channel up. The magazine arm of the fitness guru's business, Quorn House Publishing Ltd, is also in trouble, with a slump in sales also being blamed for the company's financial problems.
In a statement about administrators being called in to two business run by Rosemary Conley. the Leicestershire fitness expert stressed fitness classes up and down the country would not be affected. She said: