Member of Begbies Traynor Group Global Advisory
Marcs/David Lawrence

M. Webster Holdings Pty Ltd (ACN: 003 766 925)
Webster Asset Pty Ltd (ACN: 135 271 797)
M. Webster Holdings (NZ) Ltd (ACN 1297025)
(Administrators appointed)
(Collectively "the Companies")

Geoffrey Reidy and Andrew Barnden of Rodgers Reidy were appointed as the administrators of M. Webster Holdings Pty Ltd and Webster Asset Pty Ltd on 1 February 2017 pursuant to Section 436A of the Corporations Act.

Andrew Barnden and Paul Vlasic of Rodgers Reidy were appointed as the administrators to M. Webster Holdings (NZ) Ltd, which trades in New Zealand.

The Companies operate the retail fashion labels, Marcs and David Lawrence, across Australia and New Zealand. The administrators intend to review the operations of the businesses and continue to trade while the businesses are offered for sale.

CREDITORS

To download a copy of the creditors information guide sheet issued by the Australian Securities Investments Commission (ASIC), please click the following link: 

Voluntary administration: a guide for creditors

To view the appointment details and documents, click here.

An application was made to the Federal Court of Australia by the Administrators seeking orders to extend the period within which to convene the second meeting of creditors. On 24 February 2017 the Court made orders extending the period within which to hold the second meeting of creditors. The second meeting of creditors of the Company is now required to be convened on or before 23 August 2017. 

Originating Process filed 24 February 2017
Affidavit of Kylie Maree Tate sworn 24 February 2017
Federal Court Orders made 24 February 2017
Federal Court Orders made 1 March 2017

Further information will be posted to this section as released.

CUSTOMERS

Customers are advised that gift cards and/or returns of items that were purchased prior to the appointment date of the administrators will be handled in accordance with the Companies existing policies at that time.

The customer care contact details for the Companies are detailed below. Please bear with the Companies in the event of heavy traffic to customer care numbers at this time.  We appreciate the support of the customers during the voluntary administration of the Companies.

David Lawrence - Customer Care

T: +61 2 8080 9091 (if calling from overseas)
E: customercare@davidlawrence.com.au
W: davidlawrence.com.au

Marcs - Customer Care

T: +61 2 8080 9041 (if calling from overseas)
E: customercare@marcs.com.au
W: marcs.com.au

EMPLOYEES

The relevant employees notifications, including frequently asked questions, are provided at the link below. 

All queries regarding operational issues should be addressed in the first instance to your Area/Department manager. For queries in respect to the Voluntary Administration process you should contact the Marcs/David Lawrence Hotline 1300 138 467.

Australian employee entitlements that cannot be met from the assets of the Companies are, subject to certain limits, covered by the Federal Government's Fair Entitlements Guarantee (FEG) scheme (excluding superannuation) in the event that the Companies are placed into liquidation.

Employees who have any queries in respect to the FEG scheme can contact FEG directly on 1300 135 040 between 9am and 5pm (Canberra time), or visit the FEG website click here.

Employees Notice - Australia
Please click the link below to download a copy of the employees information guide sheet issued by the Australia Securities Investments Commission (ASIC):

Voluntary administration: a guide for employees

MEDIA                                
To download a copy of the press release, please click the link below:                       

Press Release - 2 February 2017
Press Release - 16 February 2017
Press Release - 9 March 2017

For any media enquiries please contact:

Justin Kelly
Media and Capital Partners
T: +61 2 8916 6124
E: Justin.kelly@mcpartners.com.au

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