Bedding and homewares brand Moss River has collapsed into voluntary administration with 65 creditors owed more than $2 million, just over two years after the business first fell into the hands of administrators in July 2015.
BDO partners Andrew Sallway and James White were appointed on September 6 as administrators to Fineline Home Products Pty Ltd, which operates eight Moss River stores and an online store, and employs around 40 people, mostly along Australias east coast.
The 39-year-old business sells linen and homewares items, and previously went into administration in 2015 when it was then owned by an entity called Residential Homewares.
Administrator Andrew Sallway tells SmartCompany challenging retail cond…
Read the full article at: https://www.smartcompany.com.au/industries/retail/homewares-retailer-moss-river-collapses-voluntary-administration-owing-2-6-million-inside-tough-home-goods-market/