An internationally-renown Australian fashion designer says she is placing her business in voluntary administration in order to move the companys operations to the United States.
The appointment of external managers to the business comes a month after the Supreme Court heard an application to wind-up the business.
Designer Johanna Johnson opened her first stand-alone store in Sydney in 2005, and since then has designed dresses for international celebrities such as Madonna, Meryl Streep and Angelina Jolie.
Foreign Minister Julie Bishop has previously described Johnson as a national asset to Australia thanks to her creative and innovative spirit.
However, Sydney woman Alana Teasel applied to…
Read the full article at: http://www.smartcompany.com.au/finance/67286-fashion-label-that-has-made-dresses-for-madonna-and-meryl-streep-placed-into-voluntary-administration/