Clothing retailer Jeanswest has collapsed, with more than 90 stores set to close within months and hundreds of employees set to lose their jobs.
The company confirmed the news on Wednesday, with administrators citing increasingly tough trading conditions in the Australian retail sector.
Jeanswest entered administration in January 2020, but was rescued by Hong Kong business Harbour Guidance.
Administrators from Pitcher Partners said the decision to close the brand came after five years of struggling to revive the company, with shoppers spending less due to the higher cost of living.
“The owners have done everything they can to keep Jeanswest going,” administrator Lindsay Bainbridge said in a statement.
“But market conditions mean sustaining…
