Fashion chain Lisa Ho in Australia in administration

Who is Lisa ho ?

Lisa Ho is an Australian fashion designer born in Albury, on the New South Wales and Victorian border. She is married to Philip Smouha. Wikipedia


Lisa Ho Designs is the latest Australian retailer to fall in financial trouble , with the high end fashion chain placed into administration last week.


fashion chain bankruptcy administraion australia


Dressed in a black outfit, a stony-faced Ms Ho faced creditors yesterday for the first time since the business that she founded 30 years ago was placed into administration earlier this month. It is understood she did not address the creditors.


Administrators appointed for fashion house


Financial firm HLB Mann Judd has confirmed it was appointed as administrator of the high-end fashion chain last Wednesday. The administrator will sift through the company’s assets  and liabilities and look for a suitable buyer. A creditors’ meeting is scheduled for May 20, and in the meantime all 10 stores will reportedly continue to trade.


The Lisa Ho chain today comprises 10 flagship stores in Australia, two clearance stores and an online store.


Local designers are facing tough competition not only from online retail stores but also international  stores with presence in both brick n mortar and online like Topshop, Zara and Pottery Barn, setting up bricks and mortar stores in Australia


Bettina Liano, Charlie Brown, Danny Avidan, Jayson Brunsdon, Wayne Cooper's Brave, the Ksubi boys, Belinda Seper, Ian Nessick's YPV, Ruth Tarvydas and sass & bide are a handful of australian fashion identities that spring to mind when you are talking about the australian fashion scene.


francesca eastwood in Jennifer Lopez frock



According to the age “Lisa Ho's own husband, Philip Smouha, underwent an administration of his own in 2010 when his Smouha Fabrics empire imploded owing $26 million to St George (also Lisa Ho's banker). He now trades as Tex 'N' Jean.


Ruth Tarvydas to close the doors


Other top designers in australia

Alex Perry

Alex Perry

Toni Matičevski

Toni Matičevski

Collette Dinnigan

Collette Dinnigan

Carla Zampatti

Carla Zampatti

Wayne Cooper

Wayne Cooper

Reader’s Digest magazine, filed for bankruptcy

RDA Holding Co., publisher of the 91-year-old Reader’s Digest magazine, filed for bankruptcy to cut $465 million in debt . The company recently sought court protection from creditors.


Reader’s Digest, founded by DeWitt and Lila Wallace, went public in 1990. An investor group led by private-equity firm Ripplewood Holdings LLC bought it in 2007 for $1.6 billion and the assumption of about $800 million in debt.


More recent other companies 


Hostess Brands Inc., maker of Twinkies and Wonder Bread

Eastman Kodak Co., inventor of Kodachrome and the Instamatic camera have also been in trouble in these tough times.


The company had  filed for bankruptcy for the first time in August 2009 due to a  a drop in advertising.


bankruptcy chapter 11 readers digest



RDA Holding Co. listed assets and debt of more than $1 billion each in Chapter 11 documents filed Feb. 17 in U.S. Bankruptcy Court in White Plains, New York.


US bankruptcy courts


Most cases are filed under the three main chapters of the Bankruptcy Code – Chapter 7, Chapter 11, and Chapter 13. Federal courts have exclusive jurisdiction over bankruptcy cases. This means that a bankruptcy case cannot be filed in a state court. More on bankruptcy cases

Independent phone retailer crazy John’s to close down

One of Australia's most successful  entrepreneur ( John Ilhan'sbusiness story  “ crazy Johns”  has just been dumped by VODAFONE Australia

Vodafone is supposed to  close the book on one of the nation's most successful tales of entrepreneurship  “crazy Johns”   who  built up one of the successful independent phone dealers in competition with giants like Telstra , Optus and Vodafone


The Crazy John’s brand was a successful business when Ms Ilhan sold it to Vodafone five years ago for $150 million.


crazy johns australia to close phone retailer


Vodafone has plans to dump the Crazy John's brand from its stores and rebrand them under its own name.


As many as 40 Crazy John's stores are expected to close by February 20, and the other 21 will be rebranded as Vodafone Australia stores.


John Ilhan's, who died of a heart attack in 2007, had built the company in the space of 15 years into Australia's second-largest independent mobile phone retail chain


Up to 300 jobs are said to be at risk nationwide and Vodafone last night acknowledged not all stores would remain open.


Vodafone says it will be ending the Crazy John's brand on February 20.

Current Bankruptcy , Insolvency Appointments

Corporate insolvency appointments in relation to companies registered in NSW, VIC, QLD, SA, WA, ACT, NT & TAS.

Liquidation normally occurs when a company has failed and creditors resolve that it be wound up.

List of bankruptcy , insolvency appointments

30 Nov Vanarden Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, QLD

30 Nov SMK Enterprises (Aust) Pty Ltd t/as Pet Cafe Cleveland
Creditors' Meeting for Voluntary Creditors' Liquidations, QLD

30 Nov TSA Corporation Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, WA

30 Nov ACN 007 093 245 Pty Ltd formerly k/as Croydon Auto Electrical Services Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, VIC

30 Nov Hanlay Industrial Group Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, VIC

30 Nov S & K Contracting Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, NSW

30 Nov Zalmar Retail Willoughby Pty Ltd
Creditors' Meeting for Voluntary Creditors' Liquidations, NSW

We obtain the Insolvency Appointment datas from publicly available sources in Australia.

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