Australian swimwear retailer dives into administration
Established at Sydney's Bondi Beach in 1975, swimwear brand Seafolly has entered voluntary administration. (Credit: shutterstock.com/Ray Hsiao)
Australia’s largest swimwear retailer Seafolly, which is backed by French fashion conglomerate LVMH Moët Hennessy Louis Vuitton, has filed for voluntary administration in Sydney, with Norton Rose Fulbright and Ashurst advising.
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