Melbourne-born fashion label Nobody Denim was placed into liquidation on October 10, with a creditor list totaling $3.6 million according to documents obtained by Ragtrader.
The company's manufacturing facility Denim 108 was listed as the largest creditor at $2.64 million. According to various media reports, 40 staff were axed at the site in August.
Westgarth was identified as the next major creditor at $598,400, alongside $69,697 to Rivken pty ltd and $10,000 to Vicbond pty ltd. It is understood these entities are related parties to Nobody Denim.
The third-highest owing debt was $143,307 to financial institution Prospa, and a further $67,788 to PayPal and $14,077 to Australia Post.
Other owed debt included an $18,873 loan to Nobody Denim founder John Condilis, $11,340 to DotDev, $8,949 to Criteo, $5,895 to modeling agency Chadwick Models, $5,052 to Rakuten Marketing, $3,778 to StarTrack Express and a small $8.25 to global website UniDAYS.
Three employees were also owed wages, holiday pay and retrenchment fees amounting to a combined $53,742.54.
The final amount of cash in the bank for Nobody Denim was $16,486.74.
The company has since been purchased by Queensland-based fashion brand Outland Denim, with Outland retaining five staff in the process.
Nobody Denim was born in a small, family-built denim laundry in the back streets of Melbourne Australia in 1999. It has since grown its market share globally, with over 100 physical stockists across Australia and New Zealand, and is sold through around 70 online retailers locally and internationally, including The Iconic, Zalora in South East Asia, and David Jones.