Marquee Retail Group, the owner of accessory brands Colette by Colette Hayman and The Daily Edited, has appointed a voluntary administrator after failing to save both brands from collapse.
The company said in a statement it plans to keep all 60 stores open while in voluntary administration and has no intention to reduce its 400 staff.
A spokesperson said Marquee Retail Group (MRG) hopes to continue operating after securing the sale of all or part of the business.
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Budget accessory brand Colette by Colette Hayman went into administration in 2020 before being bought by former Myer chief executive officer Bernie Brookes.
The Daily Edited, which makes personalised embossed accessories,…
Read the full article at: https://7news.com.au/news/marquee-retail-group-enters-voluntary-administration-c-14182552