Australian sustainable eco-friendly retailer Ecolateral has collapsed into voluntary administration after a challenging 12-month period.
Jamie Stott, CEO of Ecolateral, said in a LinkedIn post that the current economic climate and future outlook have led to this heartbreaking decision to call in administrators.
I regret to announce following the closure of our Blackwood store two weeks ago that as of December 19, the other three stores have now closed permanently.
The administrator is currently in negotiation with one party regarding the possible sale and continuation of the Blackwood store and I will update you as this possibility develops.
Daniel Lopresti from the corporate advisory firm Clifton Hall has been appointed as the volunt…
Read the full article at: https://insideretail.com.au/business/eco-retailer-ecolateral-collapses-into-administration-202301