Menu
Menu
Biron Apparel (ASX:BIC) enters administration

Biron Apparel (ASX:BIC) enters administration

Apparel wholesale and retailer Biron Apparel (ASX:BIC) has been placed into voluntary administration by its directors.

“The company is hopeful that this action will allow the company to deal with all outstanding matters and determine what, if any, future the company may have,” Biron said in a statement.

Biron yesterday appointed Perth-based BRI Ferrier as its administrator.

In March, the company warned that it had been unable to raise capital required for planned acquisitions of various clothing labels and companies, despite “assurance from different groups that [capital] would be forthcoming.”

Biron had planned to acquire the Big Undie label, Wishbone Distribution, controlling stakes in Mercury Brands and Big Aussie Icon and 50% of New Zealand Sports Merchandising.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags voluntary administrationClothingBiron Apparel

Show Comments