Matt Blatt chain collapse leaves customers out of pocket despite $4.4m asset sale

Liquidator of company that owned furniture brand understood to be investigating sale of stock and intellectual property

More than 3,000 customers owed money by the failed replica-furniture chain Matt Blatt are set to receive nothing, even though the company reaped more than $4.4m by selling assets in the weeks leading to its collapse.

Customers, some of whom are owed more than $1,000, were informed of the collapse by text message a fortnight ago.