Australian label Ksubi has been saved by Quicksilver Europe founder Harry Hodge and Ksubi distributer Bleach it was announced yesterday. The cult denim label went into voluntary administration last month and their fate was decided in a meeting on Wednesday as creditors agreed that the groups liabilities would be liquidated and that they were all in favour of the joint venture between Bleach and Hodge. There reportedly was a better offer on the table but had several conditions to the sale, meanwhile there was another 30 unsolicited expressions of interests for the Ksubi brand owned by Dan Single and George Gorrow. [Ragtrader]
Ksubi creditors vote to save the brand
