Bardot had five meetings with advisors leading up to the appointment of administrators on November 28.

A circular to creditors reveals KPMG first met with Bardot CEO Basil Artemides on September 17.

KPMG's James Stewart and Kevin Winterburn met with the company to discuss the company's financial situation.

No further meetings occurred until November 22, with several meetings leading up to the final appointment and consent to act on November 28.

KPMG confirmed the advice was limited to assessing its financial position and did not affect its independence as administrators.

KPMG confirmed all stores would continue to operate while it undertook an assessment of the business, with a sale or recapitalisation process in sight.

Bardot operates 72 stores and employs 800 staff.

The company blamed a highly competitive retail environment for its financial difficulties.

Despite double-digit growth in online sales, its national store network was described as "no longer sustainable" in a cluttered and discount driven market.

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