Herringbone Australia owes two secured creditors $22.7 million and has an unsecured creditor toll of $1 million, Ragtrader can reveal.
In minutes from the first meeting of creditors, it was revealed the debt owed to one secured creditor will increase and is not included in the $22.7 million.
For more exclusive reporting on this, and the administration of Marcs and David Lawrence, pick up Ragtrader’s April edition.
Herringbone and Rhodes & Beckett appointed Cor Cordis as voluntary administrators last month.
Marcs and David Lawrence were also placed into voluntary administration this year.
All companies are currently pursuing a sale of business.
Read the full article at: http://www.ragtrader.com.au/news/exclusive-this-designer-brand-owes-22-7-million
