The voluntary administrators for Australian jewellery chain Colette by Colette Hayman have announced it will close 33 of its 138 stores across Australia and New Zealand over the next three weeks.
Colette first announced it was going into voluntary administration on 4 February, citing the “current weak retail environment”.
In a statement, Deloitte restructuring services partners Vaughan Strawbridge said the remaining 105 stores would be offered for sale, and attempts have been made to redeploy staff affected by store closures.
“This is never easy and we have regrettably had to make the decision to close 33 stores,” he said.
“We are working closely with the Colette management team to effect the closures quickly while seeking to redeploy staff impacted.”
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All impacted staff will receive their wages and entitlements in full, he added.
Strawbridge said closing the 33 loss-making stores would improve the position of the rest of the group and buy time to find a buyer.
Here’s a full list of the 33 stores set to close:
Colette stores to close (Australia)
DFO Birkenhead NSW
Rhodes Waterside NSW
Queen St QLD
Australia Fair QLD
Mt Ommaney QLD
DFO Cairns QLD QLD
Noosa QLD QLD
Rundle Mall SA
Moonee Ponds VIC
DFO Spencer VIC
Ocean Keys WA
Hay Street (Enex) WA
DFO Watertown WA
Mandurah Forum WA
Colette stores to close (New Zealand)
New Plymouth NZ
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