Popular fashion retailer Colette by Colette Hayman has been placed into voluntary administration.
Founded in Australia in 2010, Colette By Colette Hayman operates across 140 stores in Australia and in New Zealand and sells bags, jewellery and accessories.
There are 15 stores in WA.Credit: Westfield.
There are 15 stores in Western Australia, and the business employs more than 300 people.
It has annual gross sales of more than $140 million.
Voluntary administrator Vaughan Strawbridge said Colette By Colette Hayman had been impacted by the current weak retail environment.
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“Our focus is on continuing to trade the business while we seek either a recapitalisation of the group or a sale of the business,” he said.
“Given the strength of the brand we are confident we will be able to secure a future for the business
and preserve the employment of as many people as possible.”
Mr Strawbridge said that employees would continue to be paid by administrators as trading continued.
