A popular Australian clothing brand sold in retailers like The Iconic and David Jones, has collapsed and gone into voluntary liquidation.
Nobody Denim owes more than three million dollars to creditors, according to the Daily Mail.
Nobody Denim is known mostly for its range of jeans and was launched in 1999 in Melbourne. Since, it has grown globally, with more than 100 physical stockists across Australia and New Zealand. Plus, it’s sold in around 70 online retailers around the globe. Its first store was opened in Fitzroy (Melbourne) in 2008.
In documents obtained by Ragtrader, it’s listed that Nobody Denim’s manufacturing facility Denim 108 is its largest creditor, at $2.64 million.
Employees were also owed wages, holiday pay and retrenchment fees of up to $53,000.
In August, Australian Financial Review reported that Nobody Denim axed 40 of their staff, whiched raised early questions about the company's future.
The company has been purchased by Queensland-based fashion brand Outland Denim, and five Nobody Denim staff will be retained by Outland Denim.
As of today (19 October), shoppers can still purchase products from Nobody Denim’s official website.
The company has not made a statement regarding the voluntary liquidation.
