LUXURY watch reseller James Kennedy has lost control of one of his companies in the latest blow to the embattled high end retailer.
Administrators were appointed last week to his company EGI Audio Visual (Retail), with creditors to meet on Thursday at the offices of accountants Ferrier Hodgson.
EGI Audio Visual was the company that Kennedy used to sell luxury Bang & Olufsen televisions, speakers and headphones.
Jaimee Belle Kennedy poses with husband James Kennedy at the Kennedy Marquee on Oaks Day. Picture: Sam Tabone/Getty
The Danish giant issued a $6 million debt demand from EGI Audio Visual in October.
The administration of EGI Audio Visual was the latest blow to Mr Kennedy, who has been battling with the loss of s…
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