Creditors owed $4.5 million by G Retail, which owns the iconic menswear retailer Gowings, have voted to keep the services of administrator Deloitte, which was appointed by directors last week after the collapse of sale talks.
The administrators, Peter Yates and David Lomb, are aiming to sell G Retail as a going concern and finalise a sale before the end of this month.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
