Kristin Fisher Eyebrows - Administration

Kristin Fisher Eyebrows, a Double Bay, Sydney-based salon owned by celebrity eyebrow queen Kristin Fisher, entered administration on 30 November, having racked up debts of over $900,000. Earlier in June, restructuring practitioner Mervyn Kitay of Worrells was appointed to the business, but the ATO voted against a restructuring plan that would have seen $216,000 repaid this year, with outstanding debt to be paid at a later date. At the time, Mr Kitay stated that the combined effects of Covid (including lockdowns), the breakdown of Ms Fisher’s marriage and a lack of financial advice resulted in the business becoming the primary source of funding for both its affairs and that of Ms Fisher personally. Jeremy Nipps and Rahul Goyal of Cor Cordis were appointed joint administrators. The creditors’ meeting is scheduled for 12 December.