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Yesterday, Dion Lee announced the brand’s Australian business has entered voluntary administration. The news was a blow on top of the three independent brands that announced this week they were shuttering. Lee, Mara Hoffman, Calvin Luo and The Vampire’s Wife are the latest in a steady stream of brand foldings (Christopher Kane last year), white knight acquisitions (Roksanda last week) and course-corrections (Puppets and Puppets, and Mia Vesper).