Tag: poor cash flow

BCR Advisory Sydney
Insolvency

Herringbone and Rhodes & Beckett have gone into administration

BCR teamComments Off on Herringbone and Rhodes & Beckett have gone into administration

This article was sourced from Business Insider Australia. Article by Chris Pash. Fashion clothing brands Herringbone and Rhodes & Beckett have gone into voluntary administration, joining a growing list of retailers seeing customer support fade. They have 29 stores with 140 employees. Insolvency group Cor Cordis has been appointed administrator. They follow fashion labels Marcs and […]

Insolvency BCR Advisory
Insolvency

Another Australian retail failure — Marcs and David Lawrence are going into administration

BCR teamComments Off on Another Australian retail failure — Marcs and David Lawrence are going into administration

This article was sourced from The Australian Business Review. Article by Bridget Carter and Scott Murdoch. Fashion labels Marcs and David Lawrence have gone in to voluntary administration, citing deteriorating sales, general market conditions and poor cash flow. They are the latest in a string of players in the retail sector, under pressure from online trading […]