Aussie swimwear brand goes into administration for second time
An Aussie swimwear company started by the former wife of James Packer has gone into administration for the second time.
Administrators have been brought in at Tigerlily, which was originally set up by model Jodhi Meares, before changing hands multiple times.
PKF's Glenn Franklin and Jason Stone were jointly appointed on March 4, according to documents lodged with the corporate regulator, the AFR reports.
READ MORE: German man surreptitiously got 217 COVID-19 jabs. The results surprised scientists
Administrators have been brought in at Tigerlily, which was originally set up by model Jodhi Meares, before being sold multiple times. Supplied
Private equity firm Crescent Capital appointed Deloitte to help sell the business last year, three years after Tigerlily emerged from voluntary administration, the paper says.
Documents lodged with the Australian Securities and Investments Commission show Tigerlily directors, Crescent's Michael Alscher and Ziying Sun, stepped down as directors last month, it reported.
Crescent bought Tigerlily from Billabong for about $60 million in 2017.
But Tigerlily fell into voluntary administration in March 2020.
READ MORE: Little blue blobs lead to huge meth stash at Sydney Airport
The company has ten shops across NSW, Queensland and Western Australia according to its website, plus is sold online. Supplied
READ MORE: Meet Ukraine's small but lethal weapon lifting morale
The company has ten shops across NSW, Queensland and Western Australia according to its website, plus is sold online.
It is known for its bohemian-style bikinis, dresses and other clothes and started in 2000.
Its bikinis cost around $200.
Nine.com.au has contacted PKF for comment.
Share a tip-off, video or photo with us
