The four entities that make up the Harrolds Group were placed into liquidation at the start of October.
In a statement provided to 9News, liquidator SMB Advisory put the department store’s collapse down to the difficult post-pandemic economy.
It said Harrolds owed its creditors more than $12 million.
“The decision to appoint a liquidator to the companies comes after significant efforts to navigate the post-COVID retail landscape, which has presented unprecedented challenges for businesses across the sector,” the statement…
