The company, which makes clothes worn by A-listers including Taylor Swift, Dua Lipa, Meghan, Duchess of Sussex and Kylie Minogue is now under the control of insolvency firm dVT Group administrator Antony Resnick.
Administrators will continue running the business as a going concern as he urgently "assesses all options" relating to the US business, the"We are in the very early stages of our administration process and our focus right now is on speaking with the Australian and US-based team and getting across all the relevant operational and financial data," Resnick said in a statement, according to the SMH.
"It is regularly worn by cultural icons and influencers. It is noted in the industry for its unique designs, all of which should attract both local and international investor interest, "It is too early to comment in any detail on its current financial position other than to say our intention at this me is to operate the brand as a going concern."The company was founded by the designer in 2009 and famously created the uniforms for Sydney Opera House staff.According to reports, Aussie high street brand Cue had a stake in the company.
The withdrawal of Cue's investment exacerbated the voluntary administration of Dion Lee business, reports claim.
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