Collapsed Seafolly to close 15 Sunburn stores, as 50 potential buyers express interest – SmartCompany.com.au

Liquidation

Seafolly Group will close 15 of its Sunburn branded stores as administrators for the collapsed swimwear retailer seek to slim down the business for sale. More than 50 potential local and international buyers are circling the company, which collapsed into voluntary administration on Monday. A total of 25 Seafolly stores in Australia will remain open…

TM Lewin Australia collapses into administration, as UK-based parent restructures – SmartCompany.com.au

Liquidation

A T.M. Lewin store in the UK. Source: Facebook Apparel retailer T.M. Lewin Australia collapsed into voluntary administration on Thursday, days after its UK parent announced a restructuring deal that will see all its stores close indefinitely. Stuart McCallum, Adam Nikitins and Colby OBrien, directors of Ernest & Youngs local restructuring arm, were appointed joint…