Fashion house Acne Studios Australia fails to repay $50K in debt to creditors
A popular fashion house beloved by Hollywood megastars Hailey Bieber and Kendall Jenner may have its Melbourne stores closed over a stack of unpaid bills.
News
Don't miss out on the headlines from News. Followed categories will be added to My News.
A popular fashion house beloved by Hollywood A-listers may have its Victorian stores placed into liquidation if the company fails to repay more than $50,000 in debt.
The Herald Sun can reveal Victoria’s Commissioner of State Revenue this month launched legal action against Acne Studios Australia over a stack of unpaid bills.
Documents filed in the Supreme Court earlier this month state the creditor’s request that a liquidator be appointed for the purposes of winding up insolvency.
Acne Studio failed to pay debts which totalled $50,197.50, according to court documents.
The company, which operates two locations around Melbourne and another two in Sydney, has been ordered to repay the sum within 21 days.
Liquidators will be appointed if Acne Studios Australia Pty Ltd fail to make payment.
The brand has a strong hold on the global fashion scene with stores throughout the United States, United Kingdom, Japan, China and South Korea.
A-listers Megan Fox, Kendall Jenner, Bella Hadid, Hailey Bieber and superstar Rihanna are notable fans of the label’s eye-catching items.
Acne’s Little Bourke St store relaunched in August this year following extensive renovations which doubled the site’s square-footage.
Founder Jonny Johansson has cultivated a brand known for its pricey items and bold patterns.
Customers can spend $320 on a turtleneck top or just under $600 for a pair of trousers.
The application will be heard in Supreme Court on December 14.
Originally published as Fashion house Acne Studios Australia fails to repay $50K in debt to creditors
Allan govt ‘shamed’ on Suburban Rail Loop as feds announce conditional funding
The Albanese government has signed off on a $2.2bn rail loop commitment with strict conditions as the state opposition calls for the project to be paused.
No-confidence vote begins against top cop Shane Patton
Police have begun voting on a no-confidence motion against Chief Commissioner Shane Patton in a bid to force a recruitment campaign for his job instead of handing him a second term.