An Australian fashion chain has been forced to close 51 stores after it was forced into liquidation by the Federal Court.
Ally Fashion was also forced to axe 250 staff members after the company collapsed.
The fashion retailer, which was founded in 2001, had 160 stores across Australia and an online shop before its downfall.
The Federal Court of Australia chose Jeff Marsden and Duncan Clubb of BDO Australia as liquidators on February 28.
The brand was forced into liquidation due to outstanding rent and liquidators assessed the…
