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Alice McCall owes more than $1 million to her creditors with more than half of the money owed to the Australian Taxation Office.
The Australian fashion label went into liquidation last Friday with Worrells’ Matthew Kucianski appointed as liquidator.
Kucianski said the store owed more than $1 million to creditors, including the owners of its 14 stores in Sydney, Melbourne and Brisbane.
Alice McCall owes more than $1 million to her creditors with more than half of the money owed to the Australian Taxation Office.
The Australian fashion label went into liquidation last Friday with Worrells’ Matthew Kucianski appointed as liquidator.
Its biggest debtor is the ATO with the tag owing $677,922.93, according to documents seen by the retail trade press publication. rag merchant.
Homeowners are the second largest group to owe money, including Neighborhood Centers, with the retail properties group owing $200,986.
Westfield Sydney is due $107,933, Hong Kong-based Manful Beaded Fashion Limited is due $94,220 and Rauten Marketing Australia $23,076.
The Farfetch retail platform requires a payment of less than $6,000.
Other debts include $115,000 in unpaid leave entitlements for founder Alice McCall and $15,000 in long-service leave for a senior staff member.
“This is a difficult time for everyone involved, and we will do everything we can to support all stakeholders throughout the liquidation process,” said Mr. Kucianski.
“Our team is committed to ensuring that the liquidation process is conducted in a professional and transparent manner, and that all parties are informed of developments as they arise.”
Daily Mail Australia contacted Worrells for comment.
The Australian fashion brand went into voluntary administration in 2020 amid the Covid pandemic, but was unable to turn its fortunes
The Australian fashion brand went into voluntary administration in 2020 amid the Covid pandemic, but was unable to turn its fortunes around.
Worn by the likes of Kate Moss, Beyonce and even Sydney gangster wife Lametta Fadlallah, the brand was founded in 2004 by Ms McCall.
Ms McCall thanked her fans but said it was “time to retire” after two decades of success in a statement released via the brand’s social media accounts.
“Time to close the doors, making room for a new chapter in my life,” she wrote.
“I want to thank and recognize all the people who have used, supported and loved the brand over the years.”
A staple at Australian fashion week, the eclectic designer won fans around the world for her bold lace styles inspired by the bold prints and jumpsuits of the ’60s, ’70s and ’80s.
The pieces regularly appeared on red carpets and in high-fashion editorials for Vogue, Harper’s Bazaar and Elle, and the brand was beloved for what many described as its “playful sensibility”.
Alice McCall is just the latest in a long line of companies in Australia that have gone under in recent times.
Furniture seller Brosa went into liquidation last month, leaving behind $24 million in debt, with many customers paying off due to unfulfilled orders.
Last year Soda Shades also fell into administration due $2.3 million, blamed on the Covid-19 pandemic.
Just a week before Sneakerboy collapsed, with $17.2 million owed to over 100 creditors.
At the end of 2020, Seafolly, Kikki K, Jeanswest and Bardot also went into administration.
But unlike Alice McCall, Seafolly and Jeanswest were bought out and saved from collapse.