|Appointment type||Joint & Several Administrators
|Appointment date||15 January 2020 to current
|Appointees||James Stewart and Peter Gothard
|Companies subject to Adminstration||Glorious Sun (Australia) Pty Ltd ACN 091 122 020
Glorious Sun Corporate Services Pty Ltd ACN 091 122 002
Jeanswest Investments (Australia) Pty Ltd ACN 074 258 781
Jeanswest Wholesale Pty Ltd ACN 074 258 807
Jeanswest Corporation Pty Ltd (trading as “Jeanswest") ACN 007 305 839
|General enquiries||Email: email@example.com
Phone: +61 3 9288 6204
|Employee enquiries||Email: firstname.lastname@example.org
Phone: +61 3 9288 6193
|Creditor enquiries||Email: email@example.com
Phone: +61 3 9288 6194
|Supplier enquiries||Email: firstname.lastname@example.org
Phone: +61 3 9288 6195
|Customer enquiries||Email: email@example.com
Phone: +61 3 9288 6204
On Wednesday, 15 January 2020, James Stewart and Peter Gothard of KPMG were appointed as Joint and Several Administrators (“the Administrators”) of Glorious Sun (Australia) Pty Ltd, Glorious Sun Corporate Services Pty Ltd, Jeanswest Investments (Australia) Pty Ltd, Jeanswest Wholesale Pty Ltd and Jeanswest Corporation Pty Ltd (trading as “Jeanswest”) (collectively “the Companies”) by the respective boards of directors.
Voluntary administration is a statutory process designed to provide for the business, property and affairs of an insolvent company to be administered in a way that maximises the chances of the company continuing in existence, or if that is not possible to provide for a better return for a company's creditors and members than if the company was immediately wound up.
At this stage, the Administrators intend to continue to trade the Companies.
The Administrators have held a concurrent meeting of the creditors of the Companies on Tuesday, 28 January 2020 at The Business Centre, Collins Square, Level 6, Tower 2, 727 Collins Street, Melbourne, VIC 3008 at 11:00am (AEDT), in accordance with Section 436E of the Corporations Act 2001 (“the Act”). Minutes of the meeting are available from our office upon request.
The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.