Fashion label Alice McCall is to be wound up after the company failed to restructure debt and reduce its store footprint during the Covid crisis.
Matthew Kucianski of Worrells was appointed as liquidator of the 20-year-old brand on Friday.
The business wasย placed in administration in 2020 and has been trying to trade out of it since. At the time, founder Alice McCall said she had to make the decision to edit down the business โwith the objective of building a more sustainable business model for the futureโ.
The company had only several brick-and-mortar stores in Melbourne, Sydney and Brisbane, which have closed. It also retailed online from its own site and through The Iconic.
Worrells has asked creditors to file proofs of debt and encouraged past customers of the brand to make the most of sale campaigns online as stock is sold off.
โThis is a difficult time for everyone involved, and we will do our utmost to support all stakeholders throughout the liquidation process,โ said Kucianski.
โOur team is committed to ensuring that the liquidation process is conducted in a professional and transparent manner and that all parties are kept informed of developments as they arise.โ
This article was first published by Inside Retail.
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