Singer Olivia Newton-John's Australian-theme boutique chain has gone belly up. The Los Angeles Times reported Tuesday that Koala Blue has moved to sell its assets to pay off creditors under Chapter 7 of federal bankruptcy law. The company, which once had 60 shops in the United States and overseas, had filed for Chapter 11 reorganization last year.
AUSSIE'S FIRM GOES BELLY UP
By Deseret News