Directors of Colorado Group appoint Voluntary AdministratorsDOWNLOAD
30 March 2011: The directors of clothing and footwear retailer, Colorado Group Ltd have appointed partners of Deloitte Corporate Reorganisation Group, Sal Algeri, Tim Norman and David Lombe as joint administrators, pursuant to Section 436A of the Corporations Act 2001.
The initial task of the Administrators will be to call a first meeting of creditors within eight business days. At this meeting it is expected that the Receivers and Managers, who have also been appointed today, will provide an update as to the current position of the companies and the steps they have taken in relation to the ongoing trading of the group and any potential sale of the assets.
The Administrators will be working with the Receivers and Managers to achieve the best possible outcome for stakeholders.
Any queries relating to trading and operational issues should be referred to the Receivers and Managers at Ferrier Hodgson who can be contacted on 03 9604 5625.
The Colorado Group companies that are now in administration are:
ARH Investments (Australia) Pty Ltd ACN 120 748 914
Colorado Group Limited - ACN 004 327 566
Colorado GP Pty Ltd – ACN 124 233 861
JAG (Aust) Pty Ltd ACN 005 467 514
Adele Palmer D.B.A. Pty Ltd ACN 004 928 438
Diana Ferrari (Australia) Pty Ltd ACN 099 194 368
Colorado Adventurewear Limited (NZ) Company Number 1125219
Williams The Shoemen Pty Ltd ACN 004 070 240
Mathers Shoes Pty Ltd ACN 009 668 722
Colorado Adventurewear Pty Ltd ACN 094 755 736
Colorado Group Sourcing Pty Ltd ACN 057 092 172
Creditor enquiries :
Deloitte Corporate Reorganisation
Tel: +61 3 9671 7170
Media enquiries only:
Corporate Affairs & Communications
Mobile: +61 4 0726 9305