Women’s fashion brand Bardot, which is headquartered in a historic Abbotsford warehouse on the banks of melbourne’s Yarra River, has entered voluntary administration.
The clothes maker and retailer employs about 800 staff and trades from 72 Australian stores.
Its competitors include local outfits Witchery, Sportsgirl and Country Road – as well as international brands, H&M and Zara.
In recent years, it has expanded into the European and US markets and boosted its online presence.
Established in 1996, Bardot will “trade as usual” while receiver, KPMG, seeks to both restructure the company and find a buyer.
Commentary posted on social media following news of Bardot’s voluntary administration on Friday suggests the retailer has in recent years increased the volume of under-sized and over-priced stock.
Bardot the latest in a string of retailers to recently fall
News of Bardot entering voluntary administration comes a
week after the Co-Op bookshop, which controls Curious Planet and Australian Geographic
– also fell.
sydney-based Co-Op Bookshop employs 180 people in 63 stores, nationally.
It
picked up Australian Geographic from Myer Family Investments in 2016.
Australian Geographic was founded by Dick Smith in…
