Parents bail out Cohen

The director of Sydney womenswear label Cohen et Sabine has received a $100,000 capital injection in an attempt to allow the company to continue trading.

The business, which went into voluntarily administration last month, has told creditors the parents of director Natalie Cohen had agreed to contribute $100,000 of their own money to the label to help the business stay afloat.

According to an administrator's report filed with the Australian Securities and Investment Corporation (ASIC), the label's largest secured creditor, Scottish Pacific, had also agreed to continue supplying factoring facilities to the company.