Lisa Ho cuts the financial cord to Mad Cortes

Increasing financial losses have forced Lisa Ho to drop edgy label Mad Cortes.

Lisa Ho has dropped label Mad Cortes after continued poor sales.

Ho bought a majority stake in the label in 2006 but the target market for the label was so niche that it was becoming difficult to sustain any profit.

The edgy label has received wide-spread acclaim. In 2005 Vukovic won the Melbourne Fashion Festival designer award and Australian Fashion Week’s best emerging designer.

Mad Cortes founder, Mira Vukovic, said she could not afford to keep the label running by herself.

Ho has said if Vukovic could find another backer she would be happy to release the brand.

Source: The Australian