Wedding mess as closed bridal store owes $772k

Davida Erdahl

As well as consumers, gown designers, a seamstress and a marketing business are amongst creditors of Romeo Investments, trading as Bridal on Pulteney, according to documents lodged with the Australian Securities and Investments Commission.

The report explained a decline in profits, larger than expected capital specifications and money tied up in a big number of sample attire have been amongst reasons for the store’s demise in February.

Perth-primarily based wedding day gown designer Zavana was amongst the worst strike, owed $seventeen,378, whilst Hong Kong-primarily based label San Patrick International Constrained is owed $4850.

Director Antonio Romeo listed himself as getting owed $266,500 whilst a Commonwealth Financial institution debt was secured for $399,977.

The report explained some creditors have been unlikely to obtain dollars back again. Mr Romeo was contacted for remark.

The report explained there was about $eighty one,000 worthy of of stock at the store, such as … Read More