
Australia's PE-owned Tigerlily enters administration

Tigerlily, an Australian swimwear brand acquired by Crescent Capital Partners in 2017, has entered administration following a collapse in sales attributed to the COVID-19 outbreak.
"In the past fortnight, it had accelerated in terms of the tightening of the retail space and [the effect on] sales," Scott Langdon, a partner with the administrator KordaMentha, said according to The...
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