AUSTRALIA: Surfwear Label In $4m Debt Sale
Hound Dog, the Sydney-based surf and streetwear label launched with a former model at its helm, is up for sale following a disastrous financial dive. An administrator has been appointed to the chain, which lost $1.2m in the nine months to March and has total debts of $4.3m. The administrator, Ron Dean-Willcocks, said yesterday he was appointed by Hound Dog owner Vicky Bobrovizki last week after she realised the extent of the problem.
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