Fashion brand Dion Lee appoints volunteer administrators, reports say

Fashion brand Dion Lee appoints volunteer administrators, reports say

Celebrity Favorite Australian fashion The Dion Lee label has appointed volunteer administrators, according to reports.

The company, which makes clothes worn by celebrities including Taylor Swift, Dua Lipa, Meghan, Duchess of Sussex and Kylie Minogue, is now under the control of the administrator of insolvency firm dVT Group, Antony Resnick.

Administrators will continue to run the business as a going concern while “urgently assessing all options” relating to the US business, the company said. Sydney Morning Herald reports. 
Fashion designer Dion Lee with a model wearing his outfits in 2017. (Eddie Jim/SMH)

The company has six stores in Australia and one in the United States and also sells clothing online.

“We are in the early stages of our administration process and our focus at this time is to speak with the team based in Australia and the United States and convey all relevant operational and financial data,” Resnick said in a statement, according to the SMH. .

“It is regularly worn by cultural icons and influencers. It stands out in the industry for its unique designs, all of which should attract the interest of both local and international investors.

“It is too early to comment in detail on its current financial situation, other than to say that our intention at this time is to operate the brand as a going concern.”

Singer Taylor Swift wore a Dion Lee corset to the Super Bowl. (Getty)

The company was founded by the designer in 2009 and created the famous uniforms for the staff of the Sydney Opera House.

Sara Lee has gone into administration after 52 years.

Australian companies that collapsed in 2023

T-shirts cost around $200 and dresses range from $500 to thousands of dollars.

Australian brand Cue reportedly had a stake in the company.

The withdrawal of Cue’s investment exacerbated the voluntary administration of Dion Lee’s business, reports claim.

dVT group administrators Cue and Dion Lee have been contacted for comment.