Products from Purely Byron,the skincare brand co-founded by model and actor Elsa Pataky,are no longer available for purchase online.
Documents lodged with the Australian Securities and Investments Commission show Cameron Gray and Justin Holzman of DW Advisory were appointed as administrators of Purely Byron Pty Ltd on Friday.
Signs of trouble emerged last month when embattled beauty group BWX, which owns 47 per cent of Purely Byron,wrote down the value of its stake by $2.8 million for the December half year.
Two former BWX employees,chief financial officer Efee Peell and chief executive Rory Gration,resigned from the Purely Byron board of directors at the time they departed BWX in November and February,respectively. They were not replaced.
Loading
Pataky helped develop the skincare range using botanical ingredients from the Byron Bay region,which the famous couple has called home for most of the past decade.
“When I moved[here],I immediately felt connected to Byron Bay’s natural beauty,” she toldGrazia magazine in the lead up to the launch in June last year.
“I started discovering all these natural botanicals,which are so powerful and clinically proven – they really work. I fell in love with all the different ingredients that grow here,so when the idea came about to make it happen with my co-founders,I was so excited,” she said.