On 4 December 2017, the Director and members of Clive & Wally Pty Ltd ACN 606 984 703 and Optex Eyewear Pty Ltd ACN 004 962 627 appointed Stefan Dopking and Peter Krejci of BRI Ferrier as Liquidators.
The business commenced operations in Melbourne in 1963, then known as Optic Eyewear and subsequently Optex Eyewear Pty Ltd, which, was rebranded as Clive & Wally Eyewear in 2015. The business, which operates in Dubbo, specialises in the manufacture of high quality fashionable glasses. Clive and Wally is understood to be the last spectacle frame manufacturer in Australia.
The Liquidators intend to undertake a marketed sale process for the business, with a number of interested parties already identified. The business will close for the Christmas period this week. An initial notice to creditors will be issued to all creditors next week with a more detailed report within three months of the Liquidators appointment.
The owners placed the companies in voluntary liquidation to provide the best possible outcome for all stakeholders being, creditors, employees and customers. The companies have minimal debt other than amounts owed to the ownership group.
BRI Ferrier is a unique affiliation of expert business recovery, insolvency, forensic accounting and advisory firms. We provide practical, innovative services that help financially distressed businesses to recover or at least minimise the negative impacts of insolvency. With over 160 staff and eleven practices in Australia, New Zealand, Hong Kong and the United Kingdom, we work with clients of all types – from individuals, sole traders and small businesses to public corporations and government entities.
Please contact Stefan Dopking from BRI Ferrier 0412 967 430 for any queries.
For those that are interested in purchasing the business, please follow this link: https://www.resolve.expert/listings/clive-and-wally-pty-ltd-in-liquidation–optex-eyewear-pty-ltd-in-liquidation
100% MADE IN AUSTRALIA
From humble beginnings in Melbourne in 1963, then known as Optic Eyewear, Optex has been reborn as Clive & Wally Eyewear. Our new home was established in 2015 in our purpose-built manufacturing facility in Dubbo where we continue our work specialising in Australian made Eyewear.
2 YEAR WARRANTY
As you scan the extensive Clive and Wally range you will appreciate that our aim is to provide high quality, fashionable glasses to meet all tastes and budgets. Our workmanship is warranted for 2 years as part of our ongoing commitment to quality and service.