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Australian arm of G-Star Raw collapses

By Angela Gonzalez-Rodriguez

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The Australian operations of international denim designer G-Star RAW have gone into voluntary administration.

Denim Enterprises, which trades as G-Star and has the rights to sell the Dutch designer’s apparel within Australia, entered voluntary administration on February, 2.

Gess Rambaldi and Andrew Yeo of Pitcher Partners were appointed as administrators. The first meeting of creditors will be held on February 11 in Melbourne.

“The administrators will be continuing to trade the business as usual and will work towards the implementation of a restructure that continues to promote the brand and its retail footprint in Australia,” said Pitcher Partners in a statement.

The G-Star Raw brand was founded in Amsterdam in 1989 and now has more than 6500 selling points worldwide.

It is the latest fashion brand to collapse in Australia after heavyweight designer Josh Goot this week revealed it had entered administration in a bid to withstand the “well-documented difficult trading conditions in the fashion industry”, reported ‘SmartBusiness’.

G-Star