Eighty per cent of stores to be culled by March 1.
National retailer to close 10 stores in a month as part of business restructure.
Perdis to act as creative director moving forward.
Lack of interest from the market leaves menswear retailer no choice but to close.
Buyers take a second look in light of customer support.
Third-largest specialty men’s fashion retailer to close.
More than half of the stores operated by the Australian arm of the international brand will close.
Administrators are assessing a possible sale or recapitalisation.
Worrells Solvency and Forensic Accountants have been appointed as administrators.
Creditors and franchisees back current management team.