US EditionJeanswest parent company enters administration, hundreds of Australian jobs at risk
- Jeanswest's parent company has entered administration due to ongoing cost-of-living pressures, putting hundreds of Australian jobs at risk
- Administrators from Pitcher Partners have been appointed to restructure the business and handle store closures
- Administrator Lindsay Bainbridge stated that sustaining bricks-and-mortar stores is not viable due to tough market conditions
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Jeans West to Shut All 90 Stores in Latest Casualty of Australia’s Retail Crisis
Australian fashion retailer Jeans West is set to shut 90 stores and put 600 jobs at risk after owners Harbour Guidance appointed administrators. With a history dating back to 1972, the brand has been well-recognised for over half a century, but the name may disappear from the market as mid-tier fashion brands face mounting pressure from rising costs, declining consumer spending, and growing competition from online fast fashion. Lindsay Bainbridg…
·New York, United States
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Total News Sources34
Leaning Left11Leaning Right5Center1Last UpdatedBias Distribution65% Left
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R 29%
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