The 23-store fashion jewellery retailer Secrets Shhh has been placed under administration with hope the business can be sold.
The insolvency firm FTI Consulting was appointed yesterday with John Park, Kate Warwick and Kelly Trenfield acting as joint and several administrators.
John Park, head of Australia corporate finance and restructuring said, “The business is trading as usual as much as possible while the Administrators undertake an urgent assessment of the company’s operations, and have commenced a sales process and/or recapitalisation of the Group.”
Secrets Shhh has had a topsy-turvy history.
The vertical integrated retailer was launched in 2000 specialising in diamond simulant – cubic zirconia – jewellery.
The…