Shortly after celebrating its 25th anniversary, Crumpler is filing for Voluntary Administration, citing the pandemic and ongoing lockdowns as the core reason for its collapse.
The investment firm that owns the retailer, Crescent Capital Partners, has enlisted Jason Stone and Glenn Franklin from PKF Melbourne to handle the administration process.
The retailer has undergone a series of changes in the last 18 months, from acquiring the collapsing Tigerlily in 2020 to the departure of its CEO Adam Wilkinson in August 2021. Wilkinson is now the CEO of The PAS Group.
Crescent Capital Partners acquired Tigerlily in July 2020. This came after the swimwear retailer collapsed in March that same year. Tigerlily cited COVID-19 as the core reas…
Read the full article at: https://powerretail.com.au/news/breaking-crumpler-files-for-voluntary-administration/
