After 39 years in business, high-end fashion retailer Harrolds was placed into liquidation earlier this month with debts of $https://www.businessnewsaustralia.com/12.5 million, but a message on the company’s website has alluded to a possible resurrection of the business.
Andrew MacNeill, of SMB Advisory, was appointed liquidator to four subsidiaries of the melbourne-based Harrolds Group on 3 October 2024 with little fanfare. The liquidator says the companies had ceased trading prior to his appointment.
While MacNeill has yet to indicate whether a sale of the business is being sought, the Harrolds website has been reduced to a single teaser page that boldly describes “a new chapter ahead” and that “something new is coming soon”.
Business News Australia has sought further comment from the liquidator on any future plans for the business.
In a statement following his appointment as liquidator, MacNeill says Harrolds has faced multiple challenges affecting the profitability of the business.
“The director has advised that the decision to appoint a liquidator to the companies comes after significant efforts to navigate the post-COVID retail landscape, which has presented unprecedented challenges for businesses across the…
