Myer CEO Bernie Brookes has confirmed Lisa Ho is in the final stages of signing a deal Myer that will bring the brand back to life after it declared bankruptcy and was put in voluntary administration last year.
“If a deal is done it would be Lisa’s brand signature, design and sign-off using our infrastructure,” Brookes told The Daily Telegraph.
In May last year Ho’s company was put into voluntary administration by HLB Mann Judd after the designer failed to raise $1.8 million to list an initial public offering.
Myer had previously shown some interest in the brand in June 2013 but failed to make a deal and the business ultimately folded with $11 million worth of debt.
Brookes is unfazed by Ho’s past business issues and says he has his “fingers crossed” he goes ahead with the deal.
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