Harbour Guidance Pty Ltd, the parent company of Jeanswest, has entered voluntary administration, marking another blow to Australia’s retail sector.
Administrators from Pitcher Partners Melbourne have been appointed to oversee the process, which will result in the closure of 90 stores and impact 600 employees.
The administrators are exploring options to sustain the brand’s online presence. The decision follows ongoing economic challenges, making physical stores unviable.
This is Jeanswest’s second collapse in five years, after Harbour Guidance previously rescued it from administration.
The news comes amid the recent downfall of Mosaic Brands portfolio, including Rivers and Noni B.
