A major Australian fashion chain has had 51 stores shut down immediately after it was ordered into liquidation by the Federal Court.
Ally Fashion is an Australian-owned fast fashion retailer that was founded in 2001, which described itself as “dedicated to creating contemporary ready-to-wear pieces for every woman”.
As a result of the store closures, 250 staff members have also lost their jobs.
The fast fashion chain had 160 stores across Australia and an online store before its collapse.
News.com.au broke the news of its demise and that the Federal Court of Australia had appointed Jeff Marsden and Duncan Clubb of BDO Australia as liquidators on 28 February.
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The company was forced…
