A joint venture between two unnamed US-based clothing companies has bought the worldwide intellectual property rights and trademarks of fashion group Coogi.
Administrator George Georges, of Ferrier Hodgson, said the two US firms had created a new company, Coogi Partners LLC.
The Coogi knitwear firm was placed in voluntary administration in July owing more than A$25 million (US$14.02 million).
A worldwide auction of its manufacturing equipment and assets will be held on 27 and 28 November.
Source: just-style.com
Date:11/12/2002
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