Australian fashion label Suboo enters liquidation with staff entitlements and trade debts revealed in ASIC filing
A celebrity-loved Australian fashion brand worn by Gigi Hadid and Kendall Jenner has collapsed into liquidation, with documents revealing about $600,000 in liabilities.
Sydney fashion label Suboo has entered liquidation, with newly lodged corporate filings revealing about $600,000 in liabilities - including unpaid staff entitlements.
The brand had attracted celebrity fans including Gigi Hadid, Kendall Jenner and Jennifer Lopez.
Documents lodged with the Australian Securities and Investments Commission show Suboo Pty Ltd was placed into creditors’ voluntary winding up, with registered liquidator Christopher Damien Darin of Worrells appointed on October 2.
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By continuing you agree to our Terms and Privacy Policy.The ASIC filing, seen by NewsWire, identifies director Suzana Di Chio as having signed the report on September 30.
For many shoppers, Suboo was a familiar Australian fashion name. The brand built its reputation in resortwear, swim and occasion dressing, growing from its Sydney roots into a label stocked locally and abroad.
It also gained exposure through major overseas partners including Rent the Runway and Nuuly, giving the brand reach well beyond Australia.
But the liquidator’s report shows a business under clear financial strain.
Among the listed assets were $1854.16 in cash, stock valued at $111,852 and equipment worth $2389, all located at the Rosebery address.
The company was also owed money by several debtors, including $108,507.36 from Rent the Runway and $5268.57 from Anthropologie and Nuuly parent URBN, according to the filing.
A further $1230 was listed as owing from Argentina Boutique in Geelong West.
Employee entitlements were another major issue.
The documents showed two employees were owed $170,700 in leave-related entitlements, including annual leave and long service leave.
The creditor list points to broader pressure across the business. Suboo owed Wayflyer $105,162.59 and Shopify $140,232.89, while an aged payables summary showed total trade payables of $239,423.93.
Some of the biggest amounts in that schedule included DHL Express at $60,909.41, FedEx at $58,299.49, SWELL Ltd at $51,840.66 and Dongguan P&J Clothing Co. Ltd at $18,253.25. Australia Post was also listed at $10,036.83.
The filings do not spell out the exact reason for the company’s failure, but they do show the pressures facing a fashion business trying to manage inventory, shipping costs, finance obligations and employee liabilities at the same time.
