Australian fashion brand Josh Goot on sale

Administrators of fashion label Josh Goot are seeking expressions of interest for the business and assets of the company, which collapsed into voluntary administration earlier this month.

As reported by Australian media, an advertisement in Monday’s ‘Australian Financial Review’ would indicate that the fashion retailer’s administrators are looking for potential tenders.

The sale would include the trademarks and goodwill of the established brand; the website and online store; and the finished goods, raw materials, plant and equipment located in New South and Victoria.

Michael Smith and Peter Hillig of Smith Hancock were appointed administrators on February 2, with Goot saying at the time the aim of the administration was to “restructure to protect the long-term interests of the brand and all involved”.

A spokesperson for Goot has told in this regard to ‘SmartCompany’ that the business is working with the administrators and “exploring all options to protect the business and its key stakeholders including creditors, staff and customers”.

“Beyond that, it's too early to make any further comment,” says the spokesperson.