Leading fashion brands David Lawrence and Marcs has been placed in voluntary administration.
Administrator Rodgers Reidy’s director Geoffrey Reidy says the two brands would continue to trade while his team reviews their operations ahead of a planned sale of the businesses.
The sole director of the companies operating the labels, Malcolm Webster, says it has been necessary to appoint administrators because of deteriorating sales, market conditions and poor cash flow.
The brands operate from 52 stand alone stores, 11 outlets and 140 concession stores in Australia and New Zealand.
Ten of those stores and 42 staff are in New Zealand, while 1130 staff, including 260 full time workers, are employed in Australia.
The fashion brands…
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