Revolve acquires embattled Australian luxurious model Dion Lee

In line with the studies, the e -commerce trend big of america.

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In line with the studies of the media of Australia, the Group Revolve, based mostly in Los Angeles, which operates the digital commerce platforms of a number of luxurious manufacturers, Giverve and FWRD, has acquired the property of the model based by Sydney, for an unleashed quantity, with a way of communication that the gross sales quantity is lower than $ 1 million.

Since final yr, Antony Resnick, of the Australian insolvency agency Dvt Group, has been in searching to discover a Salvador purchaser for the style model now based mostly in New York, which was declared in chapter final Might, after Might. The abstinence of Main Investor Cue Clothes of his participation within the enterprise. On the time of insolvency, the model owed $ 35 million in complete liabilities, together with a mortgage of $ 20 million of sign clothes.

In line with media studies, directors bought greater than 40,000 Dion Lee articles with an excellent low cost within the second half of 2024 to recuperate $ 9 million debt.

In November, Resnick He introduced purchaser or investor of Salvador and Dion Lee couldn’t be discovered, he would shut perpetually for the top of the yr 2024.

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Now with the rescue of Revolve, it’s believed that designer Dion Lee will stay as inventive director of the model.

Each Dion Lee and Gurnve haven’t but confirmed the information.

Dion Lee based his homonymous trend model in 2009. In 2013, the Australian model and retail model acquired an excellent participation in Dion Lee, and a yr later, the model confirmed as a part of New York Style Weekthe place it had been a pillar till the spring/summer time season 2024.

Earlier this month, Dion Lee-Mum or dad Revolve Group stated that the gross sales of the primary quarter elevated 10% to $ 296.7 million, because of development in all channels and geographies of the model.