After what has been a terrible start to the decade for the Australian retail industry, another long-standing chain has gone into voluntary administration.
50-year-old homewares brand ISHKA has collapsed with 500 jobs now on the line.
ISHKA’s owner Toby Darvall admitted to having a “catastrophic Christmas and Summer” and made the ultimate decision to try and preserve stores and jobs.
“We have taken the unusual step for a privately-run family company to speak out during this difficult time,” Mr Darvall said.
“We want our staff, our makers and our suppliers to know we are here to help and support them. We know the ripple effect an event like this can have on hundreds of families and communities involved in the company”.
The company, which started in Melbourne’s south-east, sells hand-made goods such as clothes, homewares, furniture and jewellery from across the world.
The online store is currently having a clearance sale, with a large banner stating an administrator has been appointed and everything must go. At first glance, it seems everything is half price. You can have a look at their remaining stock here.