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The new owners of upmarket denim brand Ksubi have vowed to grow the label to its “full and rightful potential”.
As reported on ragtrader.com.au last week, Ksubi was placed into liquidation and the sale of its assets underway to streetwear distributor Bleach and Quiksilver Europe founder Harry Hodge.
Bleach director Mark Byers said the the sale of the business was at an irreversible stage, with the Ksubi label now set to sit alongside its streetwear offerings Insight and Something Else.
“Now the Ksubi and Bleach brands have the opportunity of synergistic and structured domestic and international growth to their full and rightful potential.”
Source: http://www.ragtrader.com.au/news/ksubi-the-next-chapter
From this Thursday 25th Feb at 4:00pm – address details here.
Shoes from $100
T’s from $50
Denim from $90
Shirting $80
Leather available, this included jacked and bags.
Assorted samples, rarities and collectors pieces on offer.
New stock added each day
NB: Please comment any sale reviews below.
Many new blogs coming this week as Winter 2010 comes to an end, get ready for the beginning of Summer 2010-11!
Picked up from Rag Trader @ http://www.ragtrader.com.au/news/ksubi-saved
SYDNEY: Creditors for embattled denim brand Ksubi have voted in favour of a joint venture with streetwear manufacturer Bleach, despite a competing proposal from another company.
The decision was made at the second meeting of creditors yesterday, held at the offices of administrators Grant Thornton in Sydney. Creditors also agreed that the group’s liabilities will be liquidated.
Ksubi Group, owned by Dan Single and George Gorrow, went into administration earlier this year. As reported in the February 12 edition of Ragtrader magazine, administrators initially recommended the Ksubi companies be sold to Quiksilver Europe founder Harry Hodge and Ksubi distributor Bleach.
The proposal from the two parties was pitched under the title K11 and Ragtrader understands this proposal is what will go ahead.
Prior to the second meeting an unnamed party had put forward a superior but conditional offer to purchase the group.
“In the event that the offer becomes unconditional and still remains superior to that of K11 then the administrators will be forced to conclude that the rationale behind the recommendation at the first meeting of creditors, whereby the business should be sold under the K11 proposal, may no longer be valid,” the latest creditors report noted.
There have been approximately 30 unsolicited expressions of interest in purchasing the brand and/or assets of the Ksubi group of companies.
Picked up from Rag Trader @ http://www.ragtrader.com.au/news/ksubi-decision-imminent
SYDNEY: The future of collapsed denim house Ksubi will be unveiled at a second meeting of creditors tomorrow (February 16).
Since the appointment of administrators earlier this year, there have been some 30 unsolicited expressions of interest received in purchasing the brand and/or assets of the Ksubi group of companies.
As reported in the February 12 edition of Ragtrader magazine, administrators initially recommended the companies be sold to Quicksilver Europe founder Harry Hodge and Ksubi distributor Bleach.
The proposal from the two parties was pitched under the title K11.
However, one unnamed party had since put forward a superior but conditional offer to purchase the group.
“In the event that the offer becomes unconditional and still remains superior to that of K11 then the administrators will be forced to conclude that the rationale behind the recommendation at the first meeting of creditors, whereby the business should be sold under the K11 proposal, may no longer be valid,” the latest report noted.
More details are expected to be announced at the meeting tomorrow.
It’s that time of year again, between the 14-21 March, when Australia’s answer to a “Winter Fashion Week” hits Melbourne’s dockland and is open for all to see (consumers and buyers alike).
The schedule came out on Wednesday 10th Feb and presents as follows for menswear.
L’Oréal Runway 2
Tuesday March 16, 6.30pm
Friedrich Gray
Romance Was Born
L’Oréal Runway 6
Thursday March 18, 9.00pm
ALPHA60
Jack London
Limedrop
Nom*D
Zambesi
Independent Runway
Saturday March 20, 8.00pm
Alistair Trung (highly anticipated)
Lui Hon
Of Cabbages and Kings
Papillon Homme Femme
Who Am Eye
Sydney-based fashion label Saint Augustine Academy were pleased as punch to meet up with Big Day Out favourites The Horrors today at their Surry Hills store.
Farris, Joe, Rhys, Tom and Joseph all picked up a few goodies from the indie-rock-n-roll-skewed label with the skinny cut suit pants and tailored shirting a favourite with all.
