Luxury retailer Harrolds, with stores in Melbourne and Sydney, collapses under $16M debt.
Luxury retailer Harrolds, with stores in Melbourne and Sydney, has collapsed under debts exceeding $16 million, shortly after an Italian tailor was brought in to measure clients for bespoke suits, with 50% deposits collected. The unexpected failure has surprised fashion houses in Milan, Paris, London, and New York. Local agents are now demanding clarity on the missing stock and funds, expressing urgent concerns over the situation.
October 26, 2024
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