Australian clothing retailer Cue has fallen into voluntary administration and receivership, spelling an uncertain future for the 58-year-old brand.
Company directors on Tuesday appointed Duncan Clubb and Shaun Mckinnon of BDO to serve as voluntary administrators.
The company’s lenders then tapped Kate Warwick and Vaughan Strawbridge of FTI Consulting as receivers and managers.
The receivership covers both the Cue and Veronika Maine fashion brands, operating through Cue & Co Pty Ltd, Cue NZ Pty Ltd and Cue international (NZ) Pty Ltd.
In a statement provided to SmartCompany, Stuart Carson of FTI…