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Ally Fashion, an Australian fast-fashion brand, faces closure of 51 stores amid financial struggles and liquidation.
Australian fast-fashion brand Ally Fashion, founded in 2001, faces an uncertain future after liquidators were appointed due to unpaid rent.
The company will close 51 underperforming stores across Australia to improve financial viability.
The remaining stores will continue to operate under a license agreement with a related entity of director David Dai while the liquidators explore restructuring, recapitalizing, or selling the business.
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Ally Fashion, una marca de moda rápida australiana, se enfrenta al cierre de 51 tiendas en medio de luchas financieras y liquidación.