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Daily Mail
08-05-2025
- Entertainment
- Daily Mail
Luxury Australian bridal gown company worn by former Bachelor star at her Byron Bay wedding goes bust
An Australian bridal company beloved by stars and the high fashion world has gone bust in unwelcome news for brides across the globe. Sydney based Pallas Couture, which is stocked in boutiques across London, Italy, Los Angeles and New York City, entered voluntary administration on May 1. Administrators are now scrambling to restructure and secure the future of the business, which was founded in 2001 by designer Joy Morris. Pallas Couture, known for its intricate, hand-crafted gowns, has dressed countless high-profile brides around the world in the two decades since. Snezana Woods, who starred on season three of The Bachelor, wore a stunning semi-sheer lace dress from the brand with European overtones, French buttons, and a detachable tulle train as she wed Sam Wood in Byron Bay in 2018. A spokesperson from Pallas Couture told Daily Mail Australia at the time that the gown drew influence from Snezana's European heritage, with the dress' design process taking more than six months. 'Snezana wanted a very classic, elegant look. The design was created exclusively for her in using a classic Swiss lace with European overtones.' 'It had an illusion tulle back with French buttons to the neckline and a large detachable tulle train to create a feminine, traditional feel.' Other high-profile figures who have donned Pallas Couture include American world and Olympic 400m hurdles champion Sydney McLaughlin. Bodybuilder Amelia Tank, wife of British pop star and TV personality Olly Murs, also wore a custom-designed gown by Pallas Couture for their wedding in 2023. Pallas Couture offers a stunning range of gowns, with ready-to-wear designs starting at approximately $8,500. For those seeking the ultimate in luxury, a bespoke, made-to-measure gown can be commissioned from $23,000. Pallas Couture gowns have also graced the pages of some of fashion's most prestigious publications, including Vogue, Cosmopolitan, and Harper's Bazaar. The decision to appoint administrators was described as a 'proactive step' toward restoring the business to profitability, with no current plans to cease trading. In a statement to Daily Mail Australia, administrators Cor Cordis say they plan to operate the business as normal. In some relief for brides-to-be, production of bridal gowns is set to continue uninterrupted and all existing orders will be fulfilled as planned. 'We've commenced an immediate assessment of Pallas Couture's financial position.' the administrators said. 'Our priority is not only to minimise disruption to operations, but also to ensure the continued delivery and creation of gowns for Pallas Couture's valued clientele who each have a very important and special day set in the future.' They also confirmed they are exploring several options for the business, including a possible Deed of Company Arrangement (DOCA), to help Pallas Couture stay afloat. And it's not first time the luxury bridal brand has been landed in hot water. In 2017, the Pallas Couture went into voluntary administration. But it bounced back in 2018 after being bought back by its co-founder, a move which saved almost 30 jobs from the chopping block. Pallas Couture is the latest in a string of Australian fashion brands to go bust this year, following the collapse of major label Ally earlier this year.
Perth Now
08-05-2025
- Business
- Perth Now
Luxury bridal house collapses for a second time
Luxury bridal house Pallas Couture has collapsed into administration for a second time in less than eight years, but worried customers have been assured they will still receive their wedding dresses. Jeremy Nipps and Thomas Birch of Cor Cordis were appointed as administrators for Evercentre Pty Ltd — trading as Pallas Couture — earlier this month. They are now assessing the retailer's financial position. Pallas employs 12 staff and has studios in Subiaco and Paddington in Sydney. Cor Cordis said it would evaluate operations and explore various avenues to restructure or recapitalise the business, including the possibility of a deed of company arrangement. 'The process will allow for Pallas Couture to continue prioritising all brides and continue operations as normal, with no disruption to the business or any creation and delivery of gowns currently in production,' they said. Mr Nipps told The West Australian on Thursday that funding had been secured from an undisclosed third party, ensuring wedding gowns can be completed and delivered to customers. He could not yet comment on what led to the company's demise. Pallas Couture's Joy Morris. Credit: Rob Duncan / The West Australian Pallas Couture's collapse comes amid tough trading conditions for retailers as persistent cost-of-living pressures force consumers to tighten their belts, including brides-to-be when it comes to their wedding gowns. Pallas founder Joy Morris told The West in 2015 her elaborate frocks don't come cheap, sayings brides had to have a desire to spend in excess of $5000. Cor Cordis and Mr Nipps had already helped pull Pallas from the brink after it entered administration in November 2017, when the Australian Taxation Office applied to wind it up over an unpaid debt. Administrators at the time attributed the demise of the business — then called Pallas Bride and Fashion — to inadequate cashflow management. The administration concluded with Pallas' creditors approving a DOCA floated by Ms Morris, saying It represented the best option for employees. Mr Nipps on Thursday said he was confident the business could be revived a second time. 'There is a viable business that can get through this process and continue trading as it did previously for the past eight years,' he said. 'Subject to doing a bit more investigation, this could just be a bit of a bump in the road.'
