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Australian Fashion Labels rescued by prominent buyer
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Australian Fashion Labels rescued by prominent buyer
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Adelaide-based Australian Fashion Labels collapses into voluntary administration
January 8, 2021
Adelaide-based fashion retailer Australian Fashion Labels has collapsed into voluntary administration, putting 57 jobs at risk as the COVID-19 pandemic continues to put pressure on Australia’s retail sector.
Marcus Ayres and Brett Lord of Duff and Phelps were appointed as voluntary administrators of the business on Wednesday and are now seeking a buyer or the necessary capital to keep the business viable in the future.
The business, which specialises in affordable luxury apparel, is home to four in-house fashion labels including Finders Keepers, C/MEO Collective, Keepsake and The Fifth, as well as the online retailer Bunker Online.