Retailing giant Peter Stevens Motorcycles has collapsed, but there are high hopes of finding a new owner.
Three voluntary administrators have been appointed for the 55-year-old iconic stores, including a Dandenong outlet.
According to administrators at KordaMentha Restructuring, Peter Stevens employs a 400-strong workforce with a $250 million annual turnover.
Administrator Craig Shepard said on 19 May it would continue trading while seeking immediate expressions of interest in all or parts of Peter Stevens.
“With more than 50 years of brand recognition, an established dealer footprint across the country and a significant share of the local motorcycle market, there is a genuine turnaround opportunity here.
“These…
