Marcs and David Lawrence employees have been handed an early Christmas present.
Deed Administrators the brands have distributed payment in full of employee entitlements.
Rodgers Reidy deed administrator Andrew Barnden was pleased with the outcome.
Barnden confirmed current employees were re-employed by FFS Retail, a subsidiary of Myer which purchased the brands.
"Those employees who were not re-employed have now been paid their entitlements in full.
"We have been working closely with Myer to transition the assets to FFS Retail Pty Ltd in a seamless manner.
"In the new year we expect to pay a distribution to the unsecured creditors of the company, which will finalise the successful sale and restructure of the company.
"We also understand that many former suppliers have also benefited from the sale through ongoing trade.
"We thank all stakeholders in the process for their support to achieve a successful outcome in the circumstances.”