Fast-fashion handbag, jewellery and accessories chain Colette by Colette Hayman is searching for buyers or a cash injection after becoming the latest victim of Australia's worsening retail downturn.
Colette, which has 140 stores in Australia and New Zealand and annual sales of about $140 million, fell into voluntary administration on Tuesday after running out of cash after Christmas.
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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
