Safe Mode: On Sale attracts like Lisa Ho fails to find a buyer in the challenging retail environment

Lisa Ho is quickly falling into liquidation administrators failed to find a buyer for the Australian brand of high-end fashion.Miu Miu bag Todd Gammel of HLB Mann Judd administrator said the end result is a shame because it has a great interest in the old brand of almost 30 years. By the end of last week, HLB thought he would be able to compensate for an agreement. "It is not what we had expected, but many potential buyers saw smooth detail and decided against it," he said. "There is a large potential pay-off, but everyone is a little more risk averse right now, especially in retail investment." Lisa Ho has been in administration on 8 May placed with a debt of about $ 11,000,000. Reported following the meeting of creditors in a couple of weeks later emerged that the management decisions and poor utilization have contributed to the demise of the brand, rather than just a poor retail environment. "We just have to try to maximize what we are now recovering and creditors've to just sit and wait. I think there is nothing close to a significant return for unsecured creditors," Gammel said. Lisa Ho switched to close-down. Unless there is a good offer for the stock, it is for consumers at attractive discounts three branches Lisa Ho and two boutiques in David Jones are in the remaining offered to 30 June "We are always separated in search of potential revenue from intellectual property assets and stock., But if I get a good deal, we will [stock] at the closing rate down pretty good." louis vuitton bags for men Final sales will also help to pay employees.