An uncertain future now faces Theya Lingerie as a deal to acquire the business has fallen through and the appointed process advisors from Grant Thornton have now resigned. The company, which designs bamboo underwear specifically for women to wear post-surgery, was founded by Irish entrepreneur Ciara Donlon and has won multiple awards in Ireland and internationally. But it scaled beyond the level its sales could support and, in a bid to restructure and save the business in November 2022, Theya entered the Scarp scheme, the examinership-lite process designed for small businesses. The process was due to wrap by Christmas and…

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