Update: The real reason why Easton Pearson closed

We have recently reported on the shock closure of iconic Brisbane brand, Easton Pearson, who allegedly closed due to personal reasons. However, Ragtrader has just announced the sad truth behind the designers hasty closure was liquidation. Read on to view the full Ragtrader report.

Fashion show easton pearson

Appeared on Ragrader's website: 27th April, 2016

Ragtrader can reveal iconic designer womenswear label Easton Pearson was placed into liquidation on September 18, 2015.

Earlier this month, founders Lydia Pearson and Pamela Easton announced they would close the brand to focus on family commitments and new individual ventures.

However, proceedings dated back six months from this announcement to the appointment of liquidators Andrew Fielding and David Whyte of BDO.

The appointment included related entity Loyamere Pty Ltd, with the attendance register noting Easton Pearson as a creditor having a proof of debt of $2,144,783.

In the latest filing to the Australian Securities and Investments Commission on April 18, liquidators noted a final report to creditors would be issued in July.

The filing listed unsecured creditor claims at $385, 899.

To read Ragtrader's article please click here