The owner behind teen clothing brand Pavement says he is determined the fashion chain wont be another casualty of COVID-19.
Stephen Meurs, who also co-founded Smiggle, believes the right investor could build market share and expansion opportunities.
Pavement entered voluntary administration on this week, with Pitcher Partners Andrew Yeo and Gess Rambaldi appointed as administrators.
It has 26 stores nationally and an online store.
Meurs, who saw Smiggle join Solomon Lew’s Just Group, says Pavement captures a market of pre and early-teens not catered for by other brands.
We get customers who are totally obsessed with the brand, who send their mothers and grandmothers in with the instruction that they can buy anything at all from the stor…
Read the full article at: http://www.ragtrader.com.au/news/clothing-retailer-appoints-administrators-but-isn-t-going-down-without-a-fight
