Luxury skincare retailer Crabtree & Evelyn is winding down its Australian operations, amidst a global wind-down of its operations.
The business has appointed restructuring firm KordaMentha to handle the closure locally and expects all 12 stores in Australia to close by the end of January, affecting approximately 100 staff.
Crabtree & Evelyn recently announced the closure of its 12 Singaporean stores and 19 Canadian stores after going into bankruptcy protection.
It appears the driving factor for the decision to close the world-wide network of Crabtree & Evelyn was a reduction in sales, or the tough sales environment, purely driven from the discretionary spend challenges in the retail market, KordaMentha partner in restructuring Scott …
Read the full article at: https://www.insideretail.com.au/news/crabtree-evelyn-to-wind-down-australian-business-201901