iconic fashion label Lisa Ho breaks into administration after failed IPO

  Administrators HLB Mann Judd was on the legendary Australian fashion label Lisa Ho appointed last week.

Lisa Ho recorded $ 13,050,000 in sales in 2012, but a loss of $ 2.3 million, which the company attributed to "specific problems".

This led to the appointment of directors and Gammel Todd Barry Taylor Lisa Ho Lisa Ho designs and detail out.

The administration is coming to Lisa Ho abandoned his plans for an IPO earlier this month.

The IPO planned to offer 7.5 million shares at $ 0.20 per share to raise a minimum of $ 1.5 million.

Brian Walker, CEO of the Retail Doctor Group, told SmartCompany often swims by traders as a good way to get noticed "cheat almost grave."

"This is often one of the last calls to an organization that much better than to support," he said.

But Walker says government can not be the end of Lisa Ho as a business.

"In the rag trade, when these things happen, there are many cases in which business it is in fact the tax authorities, creditors and suppliers to make the recording," he said.

"I'm not saying that this is possible with Lisa Ho, but I do not exclude that, as it may not be the end of the Lisa Ho, to be. This may be the rebirth of something like that."

Walker said, bought the return of fashion retailers Charlie Brown, Bettina Liano, Tsubi and butt and belly Myer.

"They are all in the management, restructured and then again," he said.

"Even the husband of Lisa Ho, Philip Smouha, passed by the Board in 2010. It was about $ 26 million to St George Bank and operates under the name Tex 'N' John."

Walker said the operating loss of 2.3 million Lisa Ho seems to be the result of strategic issues in the supply chain.
"It shows that you really need to buy a good trend and not over-invest in the capital," he said.

SmartCompany contacted Gammel HLB Mann Judd and Lisa Ho, but both declined to comment.