85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
By
Reuters API
Published
Jun 29, 2020
Download
Download the article
Print
Text size

LVMH-backed Australian swimsuit brand in administration due to virus

By
Reuters API
Published
Jun 29, 2020

Seafolly Pty Ltd, an Australian swimsuit maker part-owned by French fashion giant LVMH Moet Hennessy Louis Vuitton SE , appointed administrators on Monday citing a sales downturn from the coronavirus, the latest casualty of the health crisis in the country's retail sector.


Photo: Seafolly



"Seafolly made the appointment because of the crippling financial impact of the COVID-19 pandemic," said Scott Langdon and Rahul Goyal, of KordaMentha Restructuring, in a statement.

Discretionary retailers around the world have faced store closures and a collapse in consumer spending since governments ordered most businesses shut to slow the spread of the virus earlier this year.

Seafolly's move into administration points to gaps in various corporate relief packages set up by the Australian government during the shutdown, such as a wage subsidy scheme and a deferral of certain financial reporting obligations to help companies stay afloat.

A month earlier, Australian clothing retailer PAS Group Ltd hired administrators citing the pandemic. Local media reported in March that Tigerlily, a swimsuit maker rival of Seafolly, also went into administration.

KordaMentha, Seafolly's administrator, did not give details about the company's decision to hand over control, but did say it would "immediately commence a sale of business process".

Seafolly's current owner, L Catterton, a U.S. private equity firm part-owned by LVMH, bought the Australian company in 2014, according to its website.

The Australian label is sold in 1,200 stores across 46 countries at stores, the website said.

 

© Thomson Reuters 2024 All rights reserved.