Wednesday, 15 June 2011

Region. Stores to close

The receivers, Ferrier Hodgson, of the debt-ridden Colorado Group, which was placed in administration in March after lenders rejected a proposal to allow it to continue trading, said 100 under performing Colorado stores in Australia would close. The group’s outlets include Williams, Mathers, JAG and Diana Ferrari stores. The most jobs will be lost in NSW, with 43 stores employing 319 people to be shut. Stores to close in Western Sydney have not been identified.