Menswear retailer Ed Harry to shut down for good
Written on the 8 February 2019 by Business News Australia
Long-standing menswear retailer Ed Harry has been forced to close down for good after a sales campaign for the company failed to entice buyers.
The retailer, which fell into administration on 15 January 2019, is the latest casualty of the new world of retail.
The closure of Ed Harry comes just days after Napoleon Perdis announced it was shutting half its stores, and weeks after fellow menswear retailer Roger David shut up shop before Christmas.
KMPG administrator for Ed Harry Brendan Richards says they had no choice but to close down the company.
"Unfortunately, and despite having run a comprehensive sale of business campaign, there have been no viable offers received for the ongoing operations of the company," says Richards.
"As such, the administrators have no alternative other than to progress to an orderly wind down of the company's operations."
The Adelaide based retailer will shut down over the next 6-8 weeks while all stock is realised and the company's operations are fully wound down.
The company was established in 1993 and relaunched in 2011, and has 498 staff employed in its outlets across all mainland states and territories.
Those employees are now in the lurch from Ed Harry's closure from 87 stores nationally.
Business News Australia
Author: Business News Australia