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Article: Fashion festival's trail of debt.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 28, 2005
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Neale Prior
Oct 28, 2005 (The West Australian - ABIX via COMTEX) -- The company responsible for the Perth FashionFestival has collapsed. Fashion Events hasfailed five months after ownership of the festival was transferred to the new entityPerth Fashion Festival, protecting the eventfrom claims by creditors. The ownership wastransferred the day after Perth City Council voted to contribute $A132,000 to the 2005festival, with the Western AustralianGovernment also providing $A53,000 to the new
company for its three events. More than 70creditors of Fashion Events are potentially ...