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Appointment details

Appointment type Liquidation
Appointment date 23 November 2017
Appointees Morgan Kelly, Ryan Eagle
Company subject to Administration Lover Clothing Pty Ltd
ACN 120 551 902
ABN 67 120 551 902
Office Sydney
Clothing on clothes hangers

KPMG contact

Henry McCullough
hmccullough@kpmg.com.au
+61 2 9335 8137

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Background information

Morgan Kelly and Ryan Eagle were appointed Voluntary Administrators of the Company on 23 November 2017.

The Administrators entered into a sale of business agreement with Hot Springs on 13 December 2017, securing the ongoing employment of the Company’s staff as well as its Strand Arcade retail operations and wholesale operations to key accounts such as The Iconic and David Jones. The Administrators entered into a management agreement with Hot Springs for them to manage the business carried on by the Company until the settlement of the sale, which occurred on 20 February 2018.

The Second Meeting of Creditors was held and adjourned on 22 December 2017, considering the ongoing lease and contract assignment process and other practicalities surrounding the sale at the time.

At the meeting of creditors held on Thursday 1 March 2018, creditors resolved that the Company be wound up under Section 439C(c) of the Corporations Act 2001 and Morgan Kelly and Ryan Eagle were appointed Voluntary Liquidators of the Company. Please refer to the First Circular to Creditors dated 2 March 2018 for further details.

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Frequently asked questions

FAQs in relation to the liquidation of Lover Clothing Pty Ltd.

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ASIC insolvency material

The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.

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Support

Coping with the emotional impact of financial distress.

Beyond Blue

beyondblue offers some useful resources for people struggling with the emotional impact of financial distress.

The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636

Lifeline

Lifeline offers phone crisis counselling for people who are experiencing financial and emotional hardship.

Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)

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