The owner of popular fashion accessory brands Colette by Colette Hayman and The Daily Edited has entered voluntary administration.
Marquee Retail Group said it aims to keep all 60 stores open while in voluntary administration and has no plans to cuts its 400 workforce.
It would be “business as usual”, the company said as it continued to operate, with the aim of securing a sale of the businesses.
MRG said the company had suffered a decline in sales from October 2023 to March 2024, due to higher interest rates and inflation.
It also said ongoing debt with the Australian Taxation Office had impacted its performance.
Insolvency firm Mackay Goodwin has…
