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Australian fashion chain Ally Fashion collapses, closing 185 stores and leaving over 1,000 jobless.
Australian fashion retailer Ally Fashion has collapsed, closing up to 185 stores and leaving over 1,000 employees jobless.
The Federal Court of Australia ordered the company's wind-up due to insolvency, marking another casualty in the country's economic downturn.
Founded in 2001, Ally Fashion had expanded across six states before facing financial troubles due to the cost of living crisis.
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La cadena de moda australiana Ally Fashion colapsa, cerrando 185 tiendas y dejando más de 1.000 desempleados.