High-profile Australian fashion labels Marcs and David Lawrence have collapsed under debts of close to $30 million, including close to $3 million in worker entitlements and a $700,000 debt to the tax office.
The appointment of voluntary administrators to two of the country’s best-known fashion brands leaves close to 1200 workers facing the the loss of their livelihoods as insolvency specialist Rodgers Reidy reviews the operation.
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