Australian Fashion Labels is having urgent talks with a potential buyer after filing for voluntary administration on 6th January.
Brands under the Group include Finders Keepers, Keepsake, The Fifth Label and C/MEO Collective.
The business has appointed administrators Brett Lord and Marcus Ayres from Duff & Phelps to complete the process.
First and foremost, were trying to save the business, and the employees jobs and the outcome of that will be favourable to the creditor base, Ayres told Smart Company.
Australian Fashion Labels, which is based in Adelaide, has made restructuring plans to sell online as a pureplay business, but these costs may have contributed to the administration, Ayres explained.
In July 2020, Australian Fashion La…
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