Administrators have revealed the closure of Karen Millen Australia stores, with the women’s fashion retailer that turned over around $19 million last year falling into administration.
Karen Millen Australia, the local arm of the British retailer Karen Millen, will close all of its local stores, administrators Richard Hughes, Tim Norman and Michael Billingsley of Deloitte announced on Wednesday (4 September).
“With the UK business now sold and the label withdrawing from Australia, we expect to wind down the business here and progressively close all stores in the coming weeks,” Mr Norman said.
“If quick, shoppers can expect some bargains with discounted stock being sold from stores and online until the end of this month.”
The retailer’s website lists 68 locations in Australia, across Sydney, Brisbane, Melbourne, Adelaide and Perth.
However, Deloitte listed only seven stores and eight concessions in Myer and David Jones stores across the five cities as currently in operation and being prepped for closure.
Stores are located at Chadstone, Doncaster, DFO South Wharf and Emporium in Victoria; Chatswood Chase and Queen Victoria Building in NSW; and Burnside Village in South Australia.
The business employs “approximately 80” people in Australia, according to Deloitte, many of them casuals.
Administrators said that customers with gift cards or who are members of Karen Millen loyalty programs will have their benefits honoured, “but Deloitte is advising those consumers to refer to the Customer FAQ section of the Karen Millen website for further details”.
At the time of publishing, Karen Millen’s Australian website was listing a closing-down sale with “up to 75 per cent off everything”.
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.
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