Insolvency and retail experts have warned fashion brands should expect to be crunched for yet another year, with womenswear brand Maggie T the first high-profile Australian retailer to enter administration in 2018.
An insolvency notice from the Australian Securities and Investments Commission confirms Maggie T Corporation appointed voluntary administrators Cameron Gray and Justin Holzman of DW Advisory to the company on January 3.
The plus-size clothing business, launched in 1981 with actress Maggie Tabberer as the face, lists 28 bricks-and-mortar stores on its website.
The companys administrators did not return SmartCompanys requests for comment about the administration prior to publication.
However, the news comes after a bum…
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