Online retailer Kogan has accomplished a element with directors to purchase collapsed furnishings retailer Brosa after the latter went into voluntary administration final week.
More than 30 events had expressed curiosity in shopping for up Brosa since KordaMentha was appointed as directors final Wednesday, Richard Tucker and Michael Korda from the funding agency stated.
But Kogan had come out on prime.
“The sale of Brosa is a fantastic outcome for the creditors of Brosa,” Tucker stated.
It is known that Kogan intends to proceed to function www.brosa.com.au and supply supply for purchasers who’ve already paid, the place Brosa has the product in inventory.
Kogan will contact these prospects about supply preparations within the coming weeks.
“Kogan is a white knight for the business and particularly customers who are awaiting delivery of orders where the stock was held by Brosa,” Tucker stated.
“Unfortunately, the administrators were unable to fulfil these orders due to challenges in the logistics network.
“Kogan is offering an important consequence for purchasers to get their product the place attainable and topic to industrial preparations.”
Top 10 richest Australians under 40 revealed
Tucker said the priority for administrators now was to pay employees as soon as possible. He thanked those who had helped in extremely difficult circumstances.
He asked customers to be patient while the administrators complete the stock reconciliation and finalise arrangements to complete the sale.
Customers will likely be contacted early in 2023.
