Administrators for collapsed womenswear chain Brown Sugar have been successful in securing a federal court order to extend the second creditors meeting.
The convening period for the second meeting of creditors for Brown Sugar has been extended to December 16, 2011. For an exclusive insight into the first meeting, and the monies owed to unsecured creditors, pick up a copy of Ragtrader's September 9 edition.
Brown Sugar appointed Deloitte Corporate Reorganisation Group's Sal Algeri and Tim Norman as voluntary administrators on August 4.
At the time of appointment, Brown Sugar operated 40 stores across VIC, NSW, SA, TAS and WA and employed 50 full-time and 150 part-time staff.
Administrators said they had fielded expressions of interest for the sale of the business, inventory and specific stores.