Brand saved! Australian Fashion Labels emerges from collapse – Ragtrader

Australian Fashion Labels has emerged from voluntary administration, the business has posted to its social media accounts.

The business has been purchased by a new owner, the identity of which is being sought out byRagtraderat the time of writing.

As reported by Ragtrader, Australian Fashion Labelswas placed into administration on January 06 with $12 million in debt.

Administrator Brett Lord from Duff & Phelps toldRagtraderon January 15that he was looking for a bidder for the assets of the business, as a deal with a potential buyer for the entirety of the business fell through.

The terms of the purchase are also being sought out as we go to print.

What is known, is that a brand new customer care team has been assigned to the new BNKR w…

Read the full article at: http://www.ragtrader.com.au/news/brand-saved-australian-fashion-labels-emerges-from-collapse