Buyers are lining up for struggling apparel brands even though clothing sales have been hardest hit by the pandemic and have yet to recover.
Administrators of collapsed clothing companies Seafolly, PAS Group and TM Lewin have received dozens of expressions of interest from potential trade, private equity investors and private buyers from Australia and overseas despite the uncertain outlook for the clothing and footwear sectors.
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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