Thousands of Brosa customers to be left empty-handed despite Kogan acquisition

Roughly 2,500 customers who purchased from collapsed furniture brand Brosa are unlikely to see ever their orders despite the company’s assets being snapped up by e-commerce giant Kogan (ASX: KGN) for $1.5 million last year.

The news comes one month after Richard Tucker and Michael Korda of KordaMentha were appointed as voluntary administrators for Brosa, receiving more than 40 expressions of interest.

Funded from cash reserves, Kogan's acquisition covers Brosa’s intellectual property, goodwill and stock, but excludes all leases and other liabilities.

Read More: https://www.businessnewsaustralia.com/articles/thousands-of-brosa-customers-to-be-left-empty-handed-depsite-kogan-purchase.html