One of the fashion industry's largest retail fit-out suppliers has appointed liquidators.
One Group Retail Holdings has appointed Deloitte Partners Sal Algeri and Tim Norman to manage its liquidation.
One Group has created end-to-end fit outs for a number of high-profile retailers including Cotton On, Forever New, Dotti, Cue, Portmans, Nine West and Nike.
One Group employed a network of around 170 staff out of offices in Victoria, New South Wales, Queensland and Western Australia.
Services included signage, rebranding and the roll out of point of sales systems across Australia.
Algeri said liquidators will be gauging potential interest for a trade sale.
He said given its current trading position however, liquidators expect to be downsizing the workforce immediately.
Investigations into the affairs of One Group are just beginning, but Algeri has already speculated on the circumstances behind its collapse.
“The Australian retail market has been extremely challenging for some time. Many domestic players are responding to the increased competition from overseas and margin pressures by investing in online strategies.
"All of these factors have resulted in less new store openings and upgrades which has negatively impacted One Group.”
COTTON ON: Among One Group Retail's clients.
