Fashion > Fashion

Australian swimwear brand Seafolly enters administration

9 days ago   |   By

Australian swimwear fashion brand Seafolly has entered administration due to the “crippling” financial impact of the Covid-19 pandemic.
The company has a network of 44 stores across Australia and a further 12 overseas.
Scott Langdon and Rahul Goyal of KordaMentha Restructuring have been appointed as voluntary administrators.
KordaMentha said it will immediately commence a sale of the business process. “Given the quality of the brand and its reputation, there will inevitably be a high level of interest in purchasing the business,” Langdon said in a statement.
But for now it will be business...
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Seafolly falls into administration

Seafolly falls into administration

9 days ago   |   By

Australian swimwear brand Seafolly has reportedly fallen into administration, citing the pandemic as a key reason for its collapse.
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