WA streetwear retail chain Live Clothings stores will be closed over the next month with the loss of about 90 jobs following failed efforts to save the business.
However, the insolvency experts managing the failed 24-year-old business have emphasised they are still open to offers for all or parts of Live from interested parties.
Live had 11 stores in Perth when directors called in administrators from Ferrier Hodgson in late November, blaming falling sales flowing from WAs softer economy, increasing competition and high rents.
The stores remained open over the Christmas/New Year trading period while Ferrier Hodgson canvassed interest in a sale or a restructuring of the business.
However, in the absence of an offer, its creditors on Tuesday ac…
Read the full article at: https://thewest.com.au/business/retail/no-buyers-come-forward-to-save-embattled-live-clothing-stores-and-jobs-ng-b88746373z