Melbourne-based fashion chain Zachary the Label was placed into voluntary administration on Monday 26th February according to insolvency firm Jirsch Sutherland who has been appointed administrators.
Managing partner, Glenn Crisp, of Jirsch Sutherland has confirmed the decision was as a result of rapid expansion, in addition to restricted funds required to continue the operation of the business, produce stock and market the label.
Zachary the Label is just one of a number of established Australian fashion brands that have gone into administration or closed outlets over the past year as a result of a range of pressures, including increased international and online competition.
As the online retail marketplace expands and traditiona…
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