Rod Levis said he was happy the fashion label he founded was sold to a long-time supporter and experienced retail executive.
Cue Clothing founder Rod Levis says he is delighted the two brands his family once owned have been sold to former Myer chairman Bill Wavish, who is also a long-time friend.
In September, Cue collapsed nearly six decades after it was founded with its owner Hilco Capital appointing FTI Consulting as receivers. Hilco is also the lender to David Jones which was put into voluntary administration earlier this week.
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Scott Farquhar and Mike Cannon-Brookes once held equal stakes in the software giant, but Farquhar is now selling shares, while Cannon-Brookes buys up.
