The company behind the popular baby sling brand, Hug-a-Bub, has collapsed into voluntary administration.
Hug-a-bub Australia Pty Ltd, which was incorporated in 2001, has temporarily ceased trading and is not currently taking orders, after appointing Brendan Nixon of Stanley Morgan Accountants as voluntary administrator on June 13.
The New South Wales-based company, which was founded by childbirth educator Suzanne Shahar and designer Tania Palmer, makes baby slings, carriers and wraps from organic fabrics, with prices starting at $89.
The products have a cult following among new parents and more than 10,000 fans on Facebook and Instagram.
According to the Hug-a-Bub website, the products ar…
Read the full article at: http://www.smartcompany.com.au/finance/cashflow/70523-baby-sling-brand-hug-a-bub-collapses-into-voluntary-administration/