Homewares chain appoints administrators
The homewares retail chain has been in business since 1978 and specialises in manchester and premium linen.
It operates in Victoria, NSW, Queensland and has an online store and employs approximately 40 people.
BDO’s Andrew Sallway and James White have been appointed as administrators and are now calling for expressions of interest in the business and its assets, which includes the retail outlets and stock, as well the business’s intellectual property including its brand name.
“We are currently continuing to trade with a view to sell the business,” Sallway said.
In New South Wales, Moss River has stores in Woollahra, Waterloo, Mosman and Bowral. The business operates a store in Fortitude Valley in Queensland, along with three Victorian stores in Toorak, Canterbury and Carlton in Melbourne.
“Since BDO’s appointment 3 stores have closed – Hyde Park SA, Hawksburn VIC and Mona Vale NSW – however there is no intention to close further stores at this time,” he said.
The first meeting of the creditors of the Company was held on Thursday (14 September 2017).
Moss River went into Administration in July 2015 when it was owned by Residential Homewares Pty Ltd.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
When Crumpler CEO Adam Wilkinson stepped up to lead the Tigerlily brand earlier this year, he asked customers for f… https://t.co/cGtmSxgHkj2 days ago
The supermarket giant has received the highest ever fine issued by the Australian Communications and Media Authorit… https://t.co/7DW7PRoizS3 days ago