Australian shoppers will eliminate a quarter of all Colette suppliers inside months following the handbag chain’s shock collapse.
Late past thirty day period, the company guiding preferred jewellery and extras chain Colette by Colette Hayman – the CBCH group of organizations – was placed into voluntary administration, with Deloitte Restructuring Solutions partners Vaughan Strawbridge, Sam Marsden and Jason Tracy appointed administrators.
At the time, Mr Strawbridge claimed Australia’s gloomy retail weather was largely to blame for the business’s failure.
“Colette By Colette Hayman has, unfortunately, been impacted by the existing weak retail atmosphere, as have many some others,” Mr Strawbridge claimed.
“Our concentration is on continuing to trade the business when we request either a recapitalisation of the group or a sale of the business.
“Given the energy of the manufacturer, we are assured we will be able to protected a upcoming for the business and preserve the employment of