Control over the Ally Fashion business has been returned to the company’s director, David Dai, following a lengthy appeal process that ended with creditors accepting a deed of company arrangement (DOCA).
Four months ago, the Federal Court of Australia forced Ally Fashion into liquidation following an application by a landlord for rent arrears. The court appointed Jeff Marsden and Duncan Clubb of BDO Australia on February 28, 2025.
During the liquidation process, around 50 Ally Fashion stores were closed down, with liquidators then entering a license agreement to allow the remaining stores to continue trading.
On May 15, the liquidation was stayed by the Supreme Court of NSW and Ally Fashion was placed into administration, allowing…