A major Australian retailer has gone into voluntary administration with expectations 193 people will lose their jobs and 54 stores will close.
On Tuesday afternoon, Godfreys Group appointed voluntary administrators.
Craig Crosbie, Robert Ditrich and Daniel Walley of the restructuring arm of PwC Australia are running the restructuring attempt.
They said that Godfreys Group Pty Ltd and its subsidiaries in Australia and New Zealand will continue to operate.
Godfreys Group is best known for selling vacuum cleaners and other cleaning products.
There are 141 stores across Australia and New Zealand while there are a further 28 franchise stores.
There is a total of 600 staff employed by Godfreys.
Of that, 171 staff in Australia and 22 employees …
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