Australian fashion brand Dion Lee liquidates, owing over $35M, due to COVID-19 and decreased demand, closing 6 Australian stores.
Australian fashion brand Dion Lee, known for dressing celebrities like Taylor Swift and Meghan Markle, collapsed into liquidation owing over $35 million. Founded by Dion Lee in 2009, the company faced mounting financial pressures due to COVID-19 and a decrease in demand for its clothing. Its six Australian stores will close by October, while the US arm remains unaffected.
August 29, 2024
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