The Australian fashion label Dion Lee has called in the administrators in a major blow to the eponymous brand that has dressed celebrities such as Taylor Swift, Dua Lipa, the Duchess of Sussex and Troye Sivan.
The move came after the Australian retail chain Cue announced it had withdrawn its investment in the designer apparel.
The Australian arm of Dion Lee has been placed under the administration of Antony Resnick of the insolvency firm dVT Group as it evaluates the future of the business and looks to attract new investors.
The label has six retail stores in Australia and one in the US (its first North American shop opened in Miami late last year), which is Lee’s biggest market.
Resnick said he was urgently assessing “all options” relating to the US business.
“We are in the very early stages of our administration process and our focus right now is on speaking with the Australian and US-based team and getting across all the relevant operational and financial data,” Resnick said in a statement to the sydney Morning Herald.
The retail stores in Australia and online store will continue to…
