Australian fashion company Cue Clothing Co has been put on the market for sale by its current owner Hilco Capital.
A media report by the Australian Financial Review confirmed that FTI Consulting has been signed on to help with the sale process.
The latest news comes just 16 months after Cue Clothing – owner of Cue and Veronika Maine brands – was sold by its founder Rod Levis in April last year amid growing losses and a dispute between the founder and his son Justin Levis over succession plans for the business.
Once acquired, Hilco poached Melanie Remai from Trenery to lead the business as CEO.
The latest accounts filed to ASIC show Cue’s FY25 sales hitting $103.2 million, up from $98 million in FY24. The company also turned around mounting losses, dropping from a loss of $14.1 million in FY24 to a loss of $5.1 million in FY25.
The documents also show that Cue Clothing refinanced loans with Hilco.
Ragtrader has reached out to FTI Consulting and Hilco Capital for further comment.