NATIONAL: Trade creditors of collapsed corporatewear chain Herringbone have all but ruled out the prospect of recovering the $7.8 million they are owed, despite continued business at its retail stores and interest from 65 potential investors.
According to a second report to creditors by administrator BRI Ferrier, claims totalled $13.8 with St George Bank owed close to $6 million.
Looksmart Alterations representative Rami Mikhael said accounts for at least six months to year of alterations were still owed. A creditors meeting late last month revealed the company was owed $35,000.
BRI Ferrier told Ragtrader a decision on the sale of the company could be announced in as little as a week's time.
For more on the Herringbone collapse, pick up a copy of Ragtrader's February 13 edition.