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Swimwear brand Seafolly set to be sold back to original owners – Sydney Morning Herald
Collapsed swimwear brand Seafolly is likely to be sold back to the same owners that first placed the business into administration.
Collapsed swimwear brand Seafolly is likely to be sold back to the same owners that first placed the business into administration, despite the retailer receiving more than 80 bids from other interested buyers.
Administrators Scott Langdon and Rahul Goyal from KordaMentha announced on Monday they had chosen private equity firm L Catterton as the preferred bidder for the assets of Seafolly due to its offer providing the best return for the company’s creditors.
Seafolly’s former owner L Catterton…
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