Thousands of customers may no longer receive their orders from an online furniture and homewares retailer after its administration recommended winding up the company.
Administrators have recommended winding up Brosa after it was sold to Kogan.com for $1.5 million in December 2022 when it fell into voluntary administration.
The company entered administration with $4.3 million in assets but a whopping $24.2 million in liabilities, including $10 million worth of unfulfilled orders.
It attributed the COVID-19 pandemic to causing substantial losses for the company over th…
Read the full article at: https://www.9news.com.au/national/furniture-homewares-retailer-brosa-wound-up-after-administration/cf55f7de-32b9-44f4-837d-606fe936e090