Yet another iconic Australian fashion brand has fallen victim to the ailing retail sector, with sportswear manufacturer Skins on the brink of collapse.
The company has applied for bankruptcy in a Swiss Court, with chairman Jaimie Fuller confirming the news and revealing his devastation in a lengthy public statement.
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A Trustee will be appointed to assume responsibility for the company with almost immediate effect, Mr Fuller wrote on the companys website last week.
My management team and I have left no stone unturned in an effort to avoid this. I apologise unreservedly to all those affected by it.
I am enormously regretful and sad that it has got to…
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