MELBOURNE: The majority of Mercury Brands shareholders voted in favour of a new name for the company at its general meeting on January 27.
Votes for the name change were 2,379,657 and against were 205,638.
It was announced late last year that if approved by shareholders, the new name for the company would be Consolidated Capital Investments Limited.
It is the second name change for the company in just under two years, as it was formerly Austin Group before becoming Mercury Brands in July 2008.
As previously reported in Ragtrader, the company formerly owned the Mercury Brands stable of approximately 20 fashion labels including Kangol, Roar, Itsu and Voodoo Dolls before selling them to Australian Horizons Trading in October 2009.
Australian Horizons Trading stepped in after Mercury Brands went into receivership in mid-September, following an $11.4 million loss for the 2008/09 financial year. Mercury Brands stands to receive ongoing royalties from Australian Horizons Trading for various label licences.
Also put to vote at the general meeting was the election of both Santino Di-Giacomo and Peter Stafford as directors, with the majority of votes in favour of the appointments.