Industry News
Clive & Wally Eyewear In Voluntary Liquidation
On 4 December 2017, the Director and members of Australian eyewear company Clive & Wally Pty Ltd ACN 606 984 703 and Optex Eyewear Pty Ltd ACN 004 962 627 appointed Stefan Dopking and Peter Krejci of BRI Ferrier as Liquidators.
The business commenced operations in Melbourne in 1963, then known as Optic Eyewear and subsequently Optex Eyewear Pty Ltd, which, was rebranded as Clive & Wally Eyewear in 2015. The business, which operates in Dubbo, specialises in the manufacture of high quality fashionable glasses. Clive & Wally is understood to be the last spectacle frame manufacturer in Australia.
The Liquidators intend to undertake a marketed sale process for the business, with a number of interested parties already identified. The business will close for the Christmas period this week. An initial notice to creditors will be issued to all creditors next week with a more detailed report within three months of the Liquidators appointment.
The owners placed the companies in voluntary liquidation to provide the best possible outcome for all stakeholders being, creditors, employees and customers. The companies have minimal debt other than amounts owed to the ownership group.
For more information goto https://www.resolve.expert/listings/clive-and-wally-pty-ltd-in-liquidation–optex-eyewear-pty-ltd-in-liquidation or contact Stefan Dopking from BRI Ferrier 0412 967 430 for any queries.
