An Australian luxury fashion retailer, which spruiked celebrities visiting its store and stocked some of the world’s most famous designers, has collapsed owing $16 million.
After nearly 40 years of operation Harrolds was quietly placed into liquidation at the start of October.
The company was founded in 1985 with its first store opened in melbourne and was the Australian home of fashion brands from the likes of Tom Ford to Saint Laurent and Balmain to Burberry.
It was a family owned business and Australia’s only privately owned luxury department store and at one stage had stores in Melbourne, sydney and the gold coast.
In March its Melbourne site had some famous guest visit too with Nick and Kevin Jonas captured in store.
Harrolds also launched online in 2020 marketing itself as offering sought-after collections from more than 100 of the finest design houses in the world.
But it has all come undone for the company with the firm SMB Advisory being appointed as liquidators on October 3.
There are almost 90 creditors owed more than $16 million with some big names on the list, according to an initial document provided to creditors by the liquidators and filed with ASIC.
These include Victoria Beckham’s company which is owed $30,000,…
