Marcs, David Lawrence in voluntary administration
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 op…
Read the full article at: http://www.afr.com/business/david-lawrence-marcs-in-voluntary-administration-20170201-gu3jtz