Niall is down but dressed for another success

Niall O’Farrell this week saw the business he founded in the mid-1980s, the formal suit hire firm Blacktie, fall into liquidation. The Dragons’ Den star will be hoping his investments on the show pay off soon, writes Kyran Fitzgerald

Life is tricky for most people in business these days and it is positively dangerous for entrepreneurs who take to the airwaves. The casualty list is growing: Jay Bourke of Cafe Bar Deli, Sara Newman, car retailer Bill Cullen, and now Niall O’Farrell of Dragons’ Den fame.

It was announced this week that O’Farrell’s Blacktie formal wear business was being put into liquidation, leaving around 50 jobs in the balance.