Global fashion brand G-Star has appointed administrators to its Australian business after the COVID-19 restrictions tipped the balance for the company after already poor retail performance.
Unusually for such failing businesses, G-Star Australia has no major debt, which points to the limited capacity of similar businesses to handle the weak trading environment.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
