Myer eyeing collapsed fashion house Lisa Ho

  Myer is one of the four parties that have signed confidentiality and had access to a data room for the company.

"We have said clearly that we are the strategic opportunities that meet our investment criteria saw.", A spokesman said yesterday Myer

"We have shown that the acquisition of Sass and Bide Wayne Cooper and Trent Nathan."

Director Barry Taylor said there were "negotiations with a number of parties." He said Lisa Ho was a cult brand and "People perceive it has value, so we are confident."

Asked if he confident that the company could be saved, Mr Taylor said it was going to be sold, given the assets in companies, but "it was still possible that an act of disposal of the company is for the creditor to them more than they could expect when the company went bankrupt power can be set. "
Digital Pass $ 1 for 28 days

Display

Since the collapse of the company, 8 May starting forensic investigations have found that the combination of some questionable business decisions, poor market conditions and accounting irregularities, the viability and cash flow of the company.

Allegations surfaced that the money of the people within the company has been kidnapped. There is no suggestion Ms Ho was involved.

A source told The Australian before the company went into administration "other people to support the money. Cashflow was very tight this year."

Minutes of the meeting of creditors at the beginning of this month, filed Tuesday by the Australian Securities and Investments Commission show a common director Todd Gammel creditors said the problems faced by Lisa Ho Group began in 2009. He cited "the management structure that buys the stock of the problems and the insolvency of key suppliers" as factors contributing to the current situation.

On efforts to sell the company after the float was dropped, remarked Mr. Gammel that "incomplete financial information, the process of due diligence, which would have inhibited part of a sale."

He also noted that a request was received from the Australian Taxation Office of $ 170,000 last month.

"Despite the payment plan was that Lisa Ho Group and agreed to honor," he said.

Six of the 10 stores have now been closed Lisa Ho, seen with a game.