Cue Clothing will close five stores after the retail company went into voluntary administration. Photo: Dean Lewins/AAP PHOTOS
Five womenswear stores will close just days after an Australian fashion retailer went into voluntary administration, as the receivers try to find a buyer for the struggling business.
Sydney-based fashion business Cue Clothing Co, which operates women’s labels Cue and Veronika Maine, was founded in 1968.
Now, four standalone Cue stores and one Veronika Maine store will shut down, administrators Kate Warwick and Vaughan Strawbridge from FTI Consulting said on Friday.
The chain, which went into administration on Tuesday, has around 50 stores across Australia and also sells its apparel at Myer and David Jones.
Cue and…