Australian luxury fashion retailer Harrolds has entered liquidation after nearly four decades in the industry, owing millions to creditors.
This follows the liquidation of four entities associated with the company: Harrolds Logistics, JTP sydney, Harrolds Femme, and Nelson River International at the beginning of this month.
In July this year, Harrolds said that it would close its Sydney and melbourne stores as part of its transformation plan.
SMB Advisory, the appointed liquidator, provided a statement to 9News indicating that the retail sector’s difficulties in the post-pandemic economy led to…
