37.6 C
Australia
Thursday, November 26, 2020

Australian fashion label Alice McCall enters voluntary administration

Must Read

Abdul-Rahim Popal: Tributes for teen who fell from car

Abdul-Rahim Popal should have been celebrating his 17th birthday, but instead, his family and friends gathered to pay tribute to a life cut...

NSW border reopening: Trapped travellers in Victoria relieved at border announcement

A NSW couple will tonight be able to leave Victoria after being forced to live in a caravan for months and cancel their...
The Indian Telegraphhttps://theindiantelegraph.com.au/
Established in 2007, The Indian Telegraph is a multi award winning digital media company based in Australia.


Australian fashion label Alice McCall has entered voluntary administration, blaming the coronavirus pandemic for its financial struggles.

The women’s fashion brand named after the designer confirmed on Monday it had appointed a Sydney-based insolvency firm as administrator, flagging store closures are likely to occur.

It is understood the company’s 14 stores are at threat of closing.

Stores and the company’s website will trade under normal conditions until the administrator completes further measures.

Administrator SV Partners said: “Unfortunately, that will require the closure of a number of its stores and the redundancy of some employees.”

Fashion designer Alice McCall says she has been forced to ‘edit down’ her business. Picture Rohan Kelly
media_cameraFashion designer Alice McCall says she has been forced to ‘edit down’ her business. Picture Rohan Kelly

In a statement, Ms McCall blamed the economic woes of the pandemic for the failure of her 17-year-old business.

“It is with a heavy heart that due to the unprecedented effects that COVID-19 has had on our economy, as well as some unsustainable bricks and mortar rental obligations, I have had to make a necessary decision to edit down my business, with the objective of building a more sustainable business model for the future,” she said.

“There is nothing that fuels me more than a customer sharing their experience of a meaningful memory that they have lived while wearing an ‘Alice’ garment. This truly is what motivates me to do what I do.”

Alice McCall had recently launched a dedicated Chinese website following growing demand in the major economy.

Originally published as Store closures likely for fashion brand

Latest News

IBAC: Former Vic MP Judith Graley denies being pressured by developer over rezoning plan

A former state Labor MP was branded among the many ‘fab 4’ by a developer who thought she’d assist his pursuits.A former Labor...

Geelong and Lara residents urged to get examined after COVID present in wastewater

Well being authorities are urgently warning residents in a small variety of Victorian suburbs to get examined after COVID was ‘unexpectedly’ present in...

Jarryd Hayne intercourse assault trial: sister of accuser’s texts detailed in court docket

The sister of the lady accusing NRL star Jarryd Hayne of sexual assault has instructed a court docket about what the pair texted...

Myer, David Jones launch big reductions for Black Friday, Cyber Monday

Two of Australia’s premier malls have slashed a whole lot of {dollars} off Dyson vacuums for the Black Friday gross sales.David Jones and...

Marnus Labuschagne: Aussie run-machine ready for the Indian bowlers out to take him down

The more runs you make, the more the opposition puts a target on you and Marnus Labuschagne knows he is in India’s sightsMarnus...