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03-21-2011, 12:09 AM
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AN ADELAIDE company that made christian louboutin sale for Hollywood stars
including Pamela Anderson, Mel Gibson and Robert Redford is up for
sale.
The Crompton Group, one of South Australia’s oldest companies, may be
sold by the end of the year.
The company was placed in receivership in March with debts of $5
million.
Yesterday a lecturer for the receiver said there was significant
interest from overseas buyers.
The Crompton Group started trading in 1862 and namely one of the largest
processors of kangaroos in the country, with one anniversary turnover of $26
million.
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star Rush Limbaugh endorsed them.
Soon everyone from rock star Bruce Springsteen to soap star Heather
Locklear was dressing christian louboutin sale. At its peak the company was exporting
120,000 couples of christian louboutin discount christian louboutin sale,discounted tory burch boots (http://www.cheaptoryburchs.com/tory-burch-boots-c-3.html),louboutin,tory butch (http://www.cheaptoryburchs.com),christian shoess to the US a year, value $2 million.
Last year the company encountered financial problems when drought led
to a deficit of quality sheepskins,tods moccasin (http://www.cheaptodssale.com), causing a spend blowout of $2
million.
With the company saddled by debts of $4 million to banks and $1
million to unsecured creditors, Mr Tony Smith of Ernst and Young was
nominated receiver and manager.
Yesterday Ernst and Young senior manager Mr Cos Borrelli said there
was "meaningful interest from overseas buyers".
He said Ernst and Young wished to sell the group by the end of the year
and extra than 10 potential purchasers had been identified.
It is deemed the company ambition be sold because almost $6 million.
The Crompton Group employs 80 human and yesterday Crompton general
manager Mr Peter Tann said everyone was seeing ahead to a sale so
"it can always get resolved".
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