Cult fashion label Ed Hardy collapsed owing $15 million

Cult fashion label Ed Hardy collapsed owing $15 million

CELEBRITY cult fashion label Ed Hardy collapsed owing creditors more than $15 million, including about $500,000 owed to employees, liquidators said.

A second creditors meeting voted to wind up Ed Hardy Operations on Monday after Deloitte was appointed voluntary administrators last month.

The move only relates to Ed Hardy’s Australian franchise and not the Ed Hardy group internationally.

September 14, 2010: Ed Hardy Operations put into liquidation

August 11, 2010: Ed Hardy Operations calls in administrators

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