Administrators of collapsed clothing companies Seafolly, PAS Group and TM Lewin have received dozens of expressions of interest from potential trade, private equity investors and private buyers from Australia and overseas despite the uncertain outlook for the clothing and footwear sectors. More than 50 potential buyers expressed interest in buying swimwear brand Seafolly, which went into voluntary administration this month after its private equity owner L Catterton Asia withdrew its stake

The administrators of women’s wear retailer PAS Group, which collapsed in May, received more than 30 expressions of interest and more than a dozen indicative offers for its assets, which include the Review, Black Pepper, Yarra Trail and Jets brands, and a contract design and manufacturing business, Designworks. Buyers also approached the administrators of shirt and suit company TM Lewin, which appointed Colby O’Brien, Stewart McCallum and Adam Nikitins of EY as administrators this month after the collapse of its British parent due to the coronavirus crisis.

While PAS Group and Seafolly were struggling before the pandemic, TM Lewin's administrators blamed the retailer's collapse on the drop in foot traffic in the CBD as most people worked from home during the pandemic.