StretchSense directors appoint administrators

Tue, 23 Jul 2019

By Victoria Young July 23 (BusinessDesk) - A futuristic textile company awarded $15 million in Callaghan Innovation grants and backed by a government investment fund has been put into voluntary administration. StretchSense, the owner of the futuristic ZoZo suit, had Staples Rodway’s Tony Maginess appointed as administrator last Monday. Maginess would not immediately answer BusinessDesk’s questions, saying more information would be provided by email. A creditor’s meeting is to be held tomorrow. Director Ben O'Brien would also not...

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