A well-known motorcycle retailer with dozens of outlets across Australia has gone bust, with up to 400 workers now facing unemployment.
Peter Stevens Motorcycles entered voluntary administration on Monday, 55 years after it was founded in 1970.
Administrators Craig Shepard, Andrew Knight and Michael Korda from KordaMentha have taken control of the company.
‘The administrators intend to continue to operate the companies on a business-as-usual basis while they seek immediate expressions of interest for the sale or recapitalisation…
