More than half of the remaining stores in a struggling womenswear chain will close as its receivers decide on a buyer for the business.
Twenty-six of the 46 remaining Cue and Veronika Maine stores left in Australia and New Zealand will close from Thursday.
The Sydney-based chain went into voluntary administration in September after nearly 60 years in business, citing overhead costs.
A small number of buyers have been shortlisted and receivers Kate Warwick and Vaughan Strawbridge of FTI Consulting have been working through a number of issues with them.
The potential buyers identified a common group of stores that they weren’t interested in, and as a result those stores will shut down, the receivers said in a statement on Thursday.