The failed digital venture, vVoosh, once championed by Sarah Ferguson, the former Duchess of York, received more than £1m of taxpayers’ money but collapsed without ever launching a product, it has been claimed. Sarah served as an ambassador, lending her public profile to the project, which aimed to carve a niche in a crowded social media landscape.
Lifestyle app, vVoosh, was founded by Manuel Fernandez, a close friend of Ms Ferguson. It was put into administration last month and its failure will raise further questions about Sarah and the business relationships she pursued.
vVoosh raised around £9m, including more than £1m from the UK government through research and development tax credits, according to documents filed by the administrator.
The administrator’s report describes a “breakdown in communication between the current directors/major creditors and the founder [Mr Fernandez], who ceased communication following [his] resignation as a director earlier in the year”.
The report says that the company is owed £324,609 by a former director. The BBC claim it is believed to be Mr Fernandez, who is the only director to leave the company since 2019. Ferguson served as an ambassador, lending her public profile to the project, which aimed to carve a niche in the crowded social media landscape.
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‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.express.co.uk ’
