On 15 January 2019, KPMG’s Brendan Richards and Gayle Dickerson were appointed Voluntary Administrators of national specialty menswear retailer Specialty Mens Apparel Pty Ltd, trading as “Ed Harry”.
“Unfortunately, and despite having run a comprehensive sale of business campaign, there have been no viable offers received for the ongoing operations of the Company,” said Mr Richards. “As such, the Administrators have no alternative other than to progress to an orderly wind down of the Company’s operations.”
Mr Richards said he expected this would occur over a period of the next 6-8 weeks while all stock is realised and the Company’s operations fully wound down.
“Despite a thorough sale campaign being undertaken, there has been limited interest from the market in the business as a going concern,” he said.
“We would like to take this opportunity to thank Ed Harry’s loyal staff, customers, and landlords for their continued support over the administration – and we look forward to the ongoing support from stakeholders over the remainder of the administration period in order to maximise the return to creditors.”
Ed Harry Managing Director David Clark also thanked the Ed Harry team around the country for their support and efforts throughout this difficult period.
“Our team members and our customers have been incredibly supportive and on behalf of the directors I just want to say thank you, this is a sad time for all those who have put so much into our business,” said Mr Clark.
About Ed Harry
Ed Harry is a national, specialty menswear retailer offering a range of casual and formal apparel. Ed Harry ranges four proprietary brands: Insitu DNM, Jonathan Adams, and Villains of Virtue. Ed Harry operates 87 stores and employs 498 staff. The head office is based in Hindmarsh, Adelaide South Australia.
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* Excludes potential redundancy claims
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