Aussie fashion brand Colette by Colette Hayman has been officially sold out of voluntary administration, with a new owner announced today but the businesss bricks-and-mortar presence has been cut by a third.
The new major shareholder and executive chairman, revealed in an announcement this morning, is ex-Myer and Edcon CEO Bernie Brookes, while John Skellern will be the new CEO.
The new Colette business, owned by the CBCH group of companies, will have just 35 retail outlets across mainland states instead of the 138 stores it had predominantly in Australia and New Zealand before going into administration in January this year.
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Read the full article at: https://www.news.com.au/finance/business/retail/fashion-retailer-colette-by-colette-hayman-sold-out-of-administration/news-story/b9e3eb6f22514feedfa61f80d50bf55f
