SYDNEY: Wholesaler and former Lisa Ho Swim licensee The Australian Swimwear Company has entered into administration.
According to documents lodged with the Australian Securities and Investments Commission, a receiver was appointed to the business earlier this month. The company, formerly known as Bond-Eye Traders, is based in Surry Hills.
The Bond-Eye swimwear label is available through independent boutiques across Australia and New Zealand, as well as eight Myer department stores nationwide.
The brand has just produced its sixth summer collection and will reportedly trade through its administration.
For more, pick up a copy of Ragtrader's May 21 issue.
UPDATE: The Australian Swimwear Company and Bond-Eye director Steve Philpott has confirmed BDO will work as receivers and managers of the company. The business recovery and insolvency firm has 11 offices across Australia.