A Victorian fashion company has become the latest casualty in Australias struggling retail sector after collapsing into liquidation.
Last Tuesday, Melbourne-based retailer Nobody Denim went into voluntary liquidation.
Nobody Denim supplied its apparel to The Iconic, David Jones and more than 100 other operators across Australia and New Zealand.
The business reportedly made $5.6 million in revenue in the last financial year, with a customer base of 60,000.
Nobody Denim had been operating for 23 years after John Condilis founded the brand in 1999.
According to an ASIC notice, Shane Deane and Nicholas Giasoumi of insolvency firm Dye and Co were appointed as liquidators on October.
The company owes $3.6 million to creditors. That included $2.64…
Read the full article at: https://www.news.com.au/finance/business/retail/fashion-label-collapses-into-liquidation-owing-36m-assets-sold-to-competitor/news-story/ea4ba10d0e09263af17a23a8adfd542c