deadline is looming for money fashion queen
High-profile Perth designer Ruth Tarvydas has less than a week to try to save a key part of his fashion empire, with an impending deadline for a lifeline of cash or face liquidation.cheap hermes bag
Creditors more than $ 1 million was Tarvydas to Saturday an agreement to sell a complete piece of intellectual property, were the details are treated confidentially or face with his former flagship in liquidation.
_The West Australian _ understands liquidation would be unlikely to affect businesses in the new memory Claremont Tarvydas, but would be a blow to the reputation of the creator to be a compromise and return to creditors.
Tarvydas worked on the sale of the intellectual property rights for seven months, but it is assumed, no agreement was found. If it is not completed on Saturday, the only alternative to liquidation would be to convince the creditors to the act of setting the company is changed, is currently giving more in the Tarvydas.
Administrators were called in the RTI (WA) Pty Ltd in October Tarvydas in difficult conditions of sale. A report to the creditors believe that the company may have had in the bank as little as $ 200, the directors of the time were long-time financial ANZ appointed.
In Tarvydas time she said hoping he could his way out of trouble to negotiate.
Tarvydas had his shop trendy King Street Perth to close, even though it has opened a new one in the Times of Claremont under a special lease, with the support of businessman John Bond.
In January, creditors have an agreement that gave Tarvydas to 17 August approved the intangible intellectual property to sell. The stay of execution was rejected by the Tax Office, which is due to $ 95,276.Gucci 2012 bag