Jeremy Nipps and Thomas Birch of restructuring advisory firm Cor Cordis were appointed Voluntary Administrators for Evercentre Pty Ltd in its own right and as Trustee of the Couture Trust trading as ‘Pallas Couture’ on 1 May 2025.

Established in 2001 by Joy Morris, Pallas Couture, with studios in Sydney and Perth, has built a global reputation for exquisite designs that are intricate and extravagant, combining traditional elements of haute couture with a sleek, high fashion aesthetic, with each gown customised to suit the bride’s personal style.

Pallas Couture made the decision to enlist Voluntary Administrators, signalling a proactive step towards revitalising and restoring the business to a profitable state.  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.

During this transition, Pallas Couture remains dedicated to its clientele, ensuring a seamless continuation of its services.  During the administration process, Cor Cordis will evaluate the business operations and explore various avenues to restructure or recapitalise the business, including the possibility of a deed of company arrangement.

“We’ve commenced an immediate assessment of Pallas Couture’s financial position.  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.  We’re committed to keeping key stakeholders informed and involved throughout this process, said the Administrators.

This phase presents an opportunity for Pallas Couture to emerge stronger, more resilient, and better positioned for sustained success. The dedication of the administrators and the commitment of the Pallas Couture team are aligned toward securing a vibrant future for the business and its clientele.

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Media enquiries

Lidia Bufalino, National Marketing Director, lbufalino@corcordis.com.au

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Stakeholder questions

For further information regarding the administration of Evercentre Pty Ltd, please contact:

• Email address is pallascouture@corcordis.com.au
• Telephone number is 08 6220 3500.

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