The Australian Fashion Council (AFC) has teamed up with Sunset Lover founders Melanie and Dean Flintoft to save the embattled Australian-owned mill Silver Fleece from liquidation.
The 73-year-old, Adelaide-based knitting mill was put into liquidation last month, with a general meeting on June 26 resolving that the company be wound up and that Daniel Lopresti and Simon Richard Miller be appointed as liquidators.
Despite a $2 million turnover, Silver Fleece is reportedly in liquidation due to the personal indebtedness of the owners.
The AFC and Sunset Lover founders aim to raise around $1 million in funding to save the mill.
Sunset Lover founders are leading the charge, saying this is a perfect platform to produce Australian-made products locally, with the 20 staff and site ready to resume as soon as possible.
“In addition to current contracts, there is an enormous opportunity for growth and expansion with some immediate investment, the right management who is experienced in fashion and can-do approach,” Ms Flintoft said.
Silver Fleece is equipped with Japanese knitting machines. Existing contracts include the production of all Australian cricket team jumpers, corporate wear and school leaver jumpers for more than 75 schools across the country.
“These contracts have the mill operating at 50 per cent of its overall capacity, so the potential for expansion is huge,” Ms Flintoft continued. “When you think about corporate clients who must buy Australian-manufactured products and the rising demand for sustainable product, the opportunities are obvious, and Australian suppliers limited.
“Qantas, South Australian Police, the 10,000 Australian schools and 70,000 registered not-for-profit sporting clubs are just the tip of the iceberg.”
AFC CEO Jaana Quaintance-James said an investment in Silver Fleece represents a commitment to Australian manufacturing.
“Supporting this heritage knitting mill not only fortifies the use of high-quality Australian wool yarn but also uplifts our local farmers, preserves the skills of our artisans, and can help reduce environmental impact. Silver Fleece is a testament to the excellence and resilience of Australian craftsmanship," Quaintance-James said.
Silver Fleece was established in 1951. The mill currently employs 20 skilled staff and technicians, primarily women, as well as younger employees who are seeking further training.
“There is so much opportunity to revitalise this mill and we are seeking like-minded investors that care about local manufacturing to raise $1 million by COB Tuesday, 30 July to help save the jobs of these skilled workers, protect Australian craftsmanship and long-term effects on the Australian wool industry.”