The company behind fashion brand Jeanswest has called in administrators, putting the future of hundreds of workers in limbo.
Harbour Guidance has decided to put Jeanswest in voluntary administration, appointing Lindsay Bainbridge, Andrew Yeo and David Vasudevan from Pitcher Partners melbourne.
Jeanswest, established in perth in 1972, has grown to operate from more than 90 locations across the country.
The brand employs more than 600 team members, according to Harbour Guidance’s statement released today.
Jeanswest entered administration but was bought out by Harbour Guidance in 2020.
Despite the lifeline, Harbour Guidance today announced that the bricks and mortar business operations were set to close in due course but the brand and online store might continue.
All restructuring options remain open, the statement reads.
Mr Bainbridge said the company had fought for five years to revive the 53-year-old brand but decided it was time to step back from physical stores and focus on online retail.
“The owners have done everything they can to keep Jeanswest going, but market conditions mean sustaining bricks-and-mortar stores is not viable and unlikely to improve,” he said.
“They deeply regret the impact of store…
