Retailer Ally Fashion has been ordered into liquidation after an application by a landlord for outstanding rent. Founded in 2001, the company expanded its national footprint to 160 stores. Now, 51 stores will close immediately, resulting in the loss of 250 jobs. Staff members of the 109 remaining stores will continue to work in the “short term”. The Federal Court of Australia appointed Jeff Marsden and Duncan Clubb of BDO Australia as liquidators on February 28.
To know more: https://insideretail.com.au/business/australian-retailer-ally-fashion-collapses-will-shutter-51-stores-immediately-202503
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