in demand

Michael Coltman from the church said an increase in demand for the service due to the cost of living crisis meant it no longer had enough money to pay four of its five staff members.

There has been an increase in demand across the country in recent years.

"When things are on trend, or there's a rise in demand unfortunately there will be fraudsters out there who will be trying to create inauthentic items," she said.

The deal, which includes the brand's debt pile, comes as Versace has been operating at a loss amid a slowdown in demand for luxury fashion worldwide.

There is an element of panic contributing to the increase in demand, he said.