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Herringbone, Rhodes Beckett stores close

Three Herringbone and four Rhodes and Beckett stores have closed, a week after the retail brands went into voluntary administration.

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Source: AAP


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Seven stores have closed and 13 people have been laid off since Herringbone and Rhodes and Beckett went into voluntary administration.

After checking the books of all 29 stores in the Australia, Cor Cordis administrators announced on Monday they had closed three Herringbone and four Rhodes and Beckett stores.

Last week Cor Cordis administrator Bruno Secatore said unsustainably high overheads, unfavourable leases and the retail market climate contributed to the brands' financial difficulties.

Western Australia was the worst hit. Ten staff members have been laid off in Perth and two stores closed.

That means there is no physical presence for either brand in WA anymore.

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Three jobs were lost in Melbourne, where a Herringbone store was closed in a CBD shopping centre.

Elsewhere in Australia stores have closed but no jobs have been shed.

Two Herringbone stores and a Rhodes and Beckett store were closed in NSW with staff redeployed to other stores.

A Rhodes and Beckett Brisbane store was also shut with the staff moved to other Queensland shops.

The administrators have vowed to reshuffle staff across the other better performing stores and warehouses.

With these closures the brands now have 22 stores and 136 staff across the country.

Ten stores each remain in NSW and Melbourne, and South Australia and Queensland have one Rhodes and Beckett store each.

The administrators are looking for buyers for the brands, and say they have been encouraged by the level of response to the sale.

"These are strong brands, they are sought after brands, and finding a buyer remains our highest priority," Mr Secatore said.

Administrators say more job losses and store closures might have to be considered during the sale period.

Rhodes and Beckett and Herringbone went into voluntary administration on February 6.

Creditors will gather on Tuesday in Melbourne for their first meeting.


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