Aussie fashion brand Dion Lee placed in voluntary administration
The Australian business of unisex fashion brand Dion Lee, founded in 2009, has been placed into voluntary administration.
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The Australian business of unisex fashion brand Dion Lee, founded in 2009, has been placed into voluntary administration.
Move comes after retail chain Cue ends investment in brand that has dressed celebrities such as Taylor Swift and Dua Lipa
CEO of The Volte Bernadette Olivier said the emergence of Chinese fast fashion powerhouses like Shein and Temu were only adding to the mounting pressure on designer labels around the world.
Dion Lee will be run by administrators as a going concern as the hunt for a new buyer begins.
The Australian franchise of clothing and apparel brand Dion Lee has become insolvent after a partnership deal collapsed.