Menswear chain Ed Harry has been placed into voluntary administration following a particularly tough Christmas sales period.
KPMGs Brendan Richards and Gayle Dickerson were appointed voluntary administrators of the business on Tuesday and will immediately embark on a clearance sale of existing merchandise.
Its understood all 87 stores across Australia will operate as normal while administrators explore all possible options, including a trade sale.
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Like many other Australian retailers, after a strong period of growth, it [Ed Harry] has faced a challenging environment over the past 12 months and a particularly tough Christmas sales period,KPMG partner Brendan Richards said.
It has also become c…
Read the full article at: http://www.mygc.com.au/menswear-retailer-ed-harry-placed-into-voluntary-administration/