Department Store Harris Scarfe Placed Into Voluntary Administration
Long-standing department store chain Harris Scarfe is the latest Australian brand to be placed into voluntary administration.
The homeware giant has annual sales of up to $380 million and employs more than 1,800 staff across the country.
It has 66 stores throughout Australia and is best known in Victoria, South Australia and Tasmania.
The retail all-rounder sells everything from bed linen to kitchenware, electrical appliances and clothing.
According to its website, Harris Scarfe was founded in South Australia in 1849 and is "one of Australia's longest trading retaillers, with over 160 years of experience".
The department store is one of many retail companies that has struggled to survive in recent years.
Australian sportswear company Skin applied for bankruptcy in January. While, menswear brand Ed Harry went into voluntary admission in the same month.
Retail favourites Karen Millen and Napelon Perdis also announced they'd be shutting a number of Australian stores earlier this year.
Deloitte Restructuring Services partners Vaughan Strawbridge, Kathryn Evans and Tim Norman were appointed Receivers and Managers over Harris Scarfe.
They announced staff will continue to work throughout Christmas, according to administrators Deloitte Restructuring Services.
“We will be making every effort to secure a future for the business and intend to commence an immediate sale of business process,” DRS partner Vaughan Strawbridge said.