Fifteen Fletcher Jones stores across Australia will be closed immediately, while 61 staff of the Australian clothing company will be made redundant, administrator Cor Cordis said on Wednesday.
Fletcher Jones has recently been placed in administration after 93 years of trading. Administrator Cor Cordis said the 15 stores to be closed were chosen through trading performance over time.
The redundancies include 53 retail staff and eight head office staff.
The company's remaining 30 stores will continue to trade as normal.
"As administrators it was important that we acted quickly to shore up the viability of Fletcher Jones to make it an attractive acquisition so it can keep trading," Cor Cordis Managing Partner Bruno Secatore said on Wednesday.
Secatore said the administrators had received a better-than- expected response from companies interested in buying Fletcher Jones.
Editor: Yamei Wang
English.news.cn 2011-12-14 13:40:51
SYDNEY, Dec. 14 (Xinhua)
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