Marcs and David Lawrence are the latest Australian fashion brands to fall into administration.
ITS BEEN a treacherous few months for the fashion industry.
First Payless Shoes and Pumpkin Patch went under, and now two of Australias best-known clothing brands are facing an uncertain future.
Marcs and David Lawrence have been placed into voluntary administration citing deteriorating sales, poor cashflow and difficult market conditions.
Owned by reclusive entrepreneur Malcolm Webster, the brands have long been a mainstay of high street fashion in Australia and New Zealand.
But the future of the 52 retail stores, 11 discount outlets and 140 concession stores at Myer and David Jones hangs in the balance, along with 1172 jobs, after Mr Webster appo…
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