The parent company of Jeanswest has entered voluntary administration, making it the latest retailer to collapse in a brutal environment for Australian fashion brands.
Harbour Guidance Pty Ltd, the corporate entity behind the Jeanswest brand, on Wednesday appointed Lindsay Bainbridge, Andrew Yeo, and David Vasudevan of Pitcher Partners Melbourne as joint administrators.
The administration will see 90 physical stores close across Australia, affecting 600 team members.
The administrators are considering options to keep the brand and its online retail operations alive.
In a statement obtained by SmartCompany, Bainbridge said the decision was the result of harsh economic conditions for discretionary retail.
