The parent company of a franchised outdoor furniture business that lists 27 stores on its website has fallen into the hands of administrators, as insolvency experts say the rough start to 2018 for the retail sector is something everyone should have seen coming.
Anthony Elkerton and Justin Holzman of DW Advisory were appointed as voluntary administrators to The Outdoor Furniture Specialists Pty Ltd, the parent company of The Outdoor Furniture Specialists brand, on January 24.
The company, which lists close to 30 showrooms on its website, is a franchised operation with a retail presence in all Australian states.
DW Advisory confirmed to SmartCompany this morning that it has only been appointed to the parent company and not any ind…
Read the full article at: https://www.smartcompany.com.au/industries/retail/parent-company-of-outdoor-furniture-specialists-voluntary-administration/