Jeanswest has entered voluntary administration, affecting 600 employees across its 90 stores in Australia.
Parent company Harbour Guidance Pty Ltd has appointed Lindsay Bainbridge, Andrew Yeo, and David Vasudevan of Pitcher Partners Melbourne as administrators. Harbour Guidance had previously rescued Jeanswest from administration in 2020.
“The owners have done everything they can to keep Jeanswest going, but market conditions mean sustaining bricks-and-mortar stores is not viable and unlikely to improve,” Bainbridge said.
“They deeply regret the impact of store closures on their team members and their customers, and we will be working now with teams across the country.”
Bainbridge added that all inventory will go on sale immediately to secure a return to creditors.