Australian fashion brand Metalicus has become the latest victim of the tough retail environment and has fallen into voluntary administration.
In an email sent to customers on Wednesday evening, the brand announced it has entered into voluntary administration and will be launching a nationwide sales campaign to get rid of stock.
The business, owned by General Pants Co., appointed administrator Petr Vrsecky from PKF last week.
The company’s 12 retail stores and 15 Myer concessions are currently being wound down. The group will be liquidating stock over the next two months via significant discounts nationally.
The group thanked its customers for their loyalty to the brand over the years.
“Me…
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