Even before the global health crisis, many of our favourite retail brands revealed they were entering administration. Now, global denim brand G-Star is the next to follow suit.

With 57 stores across the country, 200 Australian staff members are now at risk as administrators at Ernst & Young begin an urgent assessment of the company’s affairs from today.

Ernst & Young’s Justin Walsh said, “traditional retailers were already facing business challenges before COVID-19. COVID-19 has certainly increased those pressures.”

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“We expect that as lockdowns are lifted and various levels of government stimulus take effect, retailers will experience an uptick, however the impact remains significant.”

Despite the Dutch-owned company’s decision to enter administration, the Australian Financial Review has reported that the brand was not experiencing major debt.

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