A destroyed Aussie Fashion initiative owes almost $ 2 million to hundreds of creditors, including a discontented investor and the scores of angry customers.
The designer dresses operated by Sydney Double Kirsten Korean and Costa Koulis called ‘Airbnb’ was a platform that combines the tenants of high -level clothes with lenders.
After expanding the US market, he was launched as a global success story – but last month Daily Mail Australia announced that he owes money to many lenders on the site.
Last month, the company collapsed and stopped trade. The full scope of the debts was announced in a report given to the creditors by Liam Bailey, the executive partner of O’Brien Palmer.
The March 18 report showed that the designex Group, the owner of IP assets, and Designerex services, which are traded as a business, owe the united 1.8 million dollars to 737 creditors.
These include Aussie application developer Pixelforce ($ 200,000 debtor), Australian taxation office (more than $ 335,000 debtor) and Australian mail ($ 33,600 debt).
Bailey said in the report that ‘to sell companies’ business or at least sell their assets’.
Authorized, potential sales can be structured with a company regulation (Doca) deed, he said.
Designerex, called ‘Airbnb’ of Designer dresses, was operated by Sydney Double Kirsten Korea and Costa Koulis
He owed thousands of dollars to dozens of small business owners who borrowed clothes along the site.
Brisbane Hire Business was owed $ 4,000 by 21 -year -old Brittany Courtney, who runs the rental of ABC dresses.
“They don’t pay us,” Mrs. Courtney said to Daily Mail last month to Australia.
“ I don’t know if I will see this money. We only provide our services for free. The founders live a luxurious life and they didn’t really care. ‘
Mrs. Korea and Mr. Koulis insisted that a legal dispute with Pixelforce would be accused of missing payments.
Coulis last month, “ Pixelforce with the disagreement designerex and users influenced the disagreement.
‘Pixelforce contacted Designerex to become a technology partner and followed.
‘The problem appeared when all our sensitive data is located with Pixelforce, when they advised Designerex to establish a direct competitor to Designerex a few months later.
21 -year -old Brittany Courtney, who runs the rental of Brisbane Hire Business ABC
‘Designerex was asked to upgrade his servants from $ 10,000 to $ 60,000 per month with Pixelforce, and then he refused to build a competitor that Pixelforce could not make a competitor in 6 months as a competitor in 6 months.
The flow flow to ‘Designerex’ was wide. Technology broke the development and Pixelforce later caused Designerex to enter a long and costly legal dispute. ‘
Hinney Lo, CEO of Pixelforce, refused to establish a competitor.
“We reported that we received a similar investigation in development of a dress rental market – from respect and courtesy – in 2022.”
‘This investigation has never turned into a project, and we have not developed a direct competitor to Designerex from our 2013 organization to the present day.
Moreover, Pixelforce invested 200,000 dollars in Designerex under the same conditions as other investors.
It is unreasonable to connect the financial disruptions of ‘Designerex’ to Pixelforce. On the contrary, it is our best interest for us to be successful for Designeex like all our starting customers. ‘
Daily Mail Australia contacted Mrs. Korea and Mr. Koulis for more comments.
