Evercentre trading as Pallas Couture - Voluntary Administration

Evercentre trading as Pallas Couture, a Sydney-based luxury bridal brand, entered voluntary administration on 1 May.

The business was founded in 2001 by designer Joy Morris and has grown to be a favourite for celebrities, offering a range of ready-to-wear and couture gowns. Its latest ready-to-wear collection, Rue De Crème, is priced between $5,500 and $8,000 per gown, while a couture experience starts from $23,000—a tough justification for most brides given current cost-of-living pressures.

It was reported that over 50 brides-to-be who had paid over $500,000 in deposits were awaiting gowns. However, administrators Jeremy Nipps and Thomas Birch of Cor Cordis have said that funding has been secured and they plan to operate the business as usual, meaning gowns will continue to be made and existing orders will be fulfilled.

This marks the second voluntary administration for the company, with the first (which was also overseen by Cor Cordis) in 2017 resulting in the brand being bought back by Ms Morris. The administrators have said that, subject to further investigations, it appears there is a viable business that can once again get through the administration process and continue trading.