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 Australias 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.
First and foremost, were trying to save the business and the employees jobs and the outcome of that will…
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