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Fashion retailer Jeanswest will close all brick-and-mortar stores and cut hundreds of jobs as its parent company enters administration.
The brand's parent company Harbour Guidance have appointed administrators at Pitcher Partners Melbourne to restructure the business.
While the company's 90 physical stores will close, it is not yet known if the brand and its online store will remain open.
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Jeans West currently employs more than 600 staff.
The company had previously been placed in administration in 2020, with the administrators now saying that trading conditions had become increasingly tough.
"The owners have done everything they can to keep Jeanswest going, but market conditions mean sustaining bricks-and-mortar stores is not viable and unlikely to improve," administrator Lindsay Bainbridge said.
"They deeply regret the impact of store closures on their team members and their customers, and we will be working now with teams across the country.
"This is a hard day for hundreds of Jeanswest team members and we will be working directly with the team members to provide clarity and information about the next steps," he said.
He said the stores would now cut prices on all stock in a bid to partially repay their creditors.
"We will be opening the doors of all stores and selling online to clear all stock to secure a return to creditors," Bainbridge said.
Jeanswest was operating across Australia for more than 50 years.
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