A major Australian fashion company with celebrity fans such as Hailey Baldwin has gone into voluntary administration – putting the jobs of its 400 employees at risk.
Marquee Retail Group (MRG), which owns accessory brands Colette by Colette Hayman and The Daily Edited, appointed an administrator after it was unable to save the brands from collapse.
An MRG spokesperson said the company plans to keep its 60 stores open, not reduce staff numbers and to continue operating after selling all or part of the business.
Colette by Colette Hayman went into administration in 2020 before being bought by former Myer chief executive officer Bernie Brookes.
sydney-brand-Daily-Edited-goes-liquidation.html”>The Daily Edited, a luxury fashion brand, went into liquidation in October 2022 after a high profile fall-out between its co-founders Alyce Tran and Tania Liu.
Major Australian fashion company has gone into voluntary administration, but hopes to keep all of its shops open and not lose any of its 400 employees. One of its brands is Colette by Colette Hayman (model…
