EXCLUSIVE: Easton Pearson in liquidation

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This is an exclusive story from Ragtrader magazine. To subscribe to the in-depth print edition, click here.

Ragtrader can reveal iconic designer womenswear label Easton Pearson was placed into liquidation on September 18, 2015.

Earlier this month, founders Lydia Pearson and Pamela Easton announced they would close the brand to focus on family commitments and new individual ventures.

However, proceedings dated back six months from this announcement to the appointment of liquidators Andrew Fielding and David Whyte of BDO.

The appointment included related entity Loyamere Pty Ltd, with the attendance register noting Easton Pearson as a creditor having a proof of debt of $2,144,783.

In the latest filing to the Australian Securities and Investments Commission on April 18, liquidators noted a final report to creditors would be issued in July.

The filing listed unsecured creditor claims at $385, 899.

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