Australian Fashion Labels administrators are getting ready for Friday
By Imogen Bailey | 11 January 2021
The first creditors meeting in the administration of Adelaide-based Australian Fashion Labels (AFL) will take place on January 15.
The business entered voluntary administration on January 06, appointing Duff & Phelps administrators Brett Lord and Marcus Ayres to handle the process.
According to reports from
Smart Company, the ongoing effects of COVID-19 as well as legacy costs from restructuring to an online-only business put the company under intense pressure. The legacy of those restructuring costs, plus the impact of COVID-19 on sales have become an increasing hang on the business, administrator Ayres told the publication.