Marquee’s Bernie Brookes: There are more retail collapses to come

(Source: The Daily Edited/Facebook )
Discretionary retail businesses are falling victim to Australia’s increasingly tough economic environment, as the voluntary administration of Marquee Retail Group (MRG) this week further illustrates. The board of directors of MRG, the umbrella that owns accessories brands Colette and The Daily Edited, appointed Domenic Calabretta, Mitchell Ball, and Richard Lawrence of Mackay Goodwin as voluntary administrators on Wednesday, citing an unexpected downturn in sales starting in October last year.

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