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 for now as administrators kick off a fire sale to clear stock.
The business had 44 stores in Australia when it fell into administration, so by implication four Sunburn locations will also continue trading.
The company also has 12 stores overseas, but a spokesperson for the administrators confirmed none of the companys Seafolly-branded locations are slated for closure.
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