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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

ref:http://www.digitalgrog.com.au/when-celebrities-swap-frocks-at-golden-globe-awards/

 

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

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