Collapsed Dion Lee owes $20m to Levis family’s Cue
Summary
Administrators of collapsed Australian apparel business Dion Lee have unearthed a bidder interested in reviving the brand amid revelations the fashion favourite survived off a $20 million loan from backer Cue Clothing in the two years before it folded.One unidentified party has submitted a letter of intent, according to the second creditors report prepared by voluntary administrators Antony Resnick and Henry Kwok from dVT Group.
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