Jeanswest Murray Bridge to keep trading despite company being placed under administration

It is business as usual at clothing retailer Jeanswest, despite the company having been entered voluntary administration. Photo: Jeanswest/Facebook.
It is business as usual at clothing retailer Jeanswest, despite the company having been entered voluntary administration. Photo: Jeanswest/Facebook.

Clothing retailer Jeanswest will continue trading in Murray Bridge, at least for now, despite having entered voluntary administration.

Administrators KPMG took control of the company on Wednesday.

Retail restructuring practice leader James Stewart said a number of factors were to blame.

"Like many other retailers, the business has been challenged by current tough market conditions and pressure from online competition," he said.

"The administration provides an opportunity for Jeanswest to restructure, so as to better respond to the challenging Australian retail market."

KPMG's Peter Gothard said the shops would continue to operate while the administrators conducted an urgent analysis of the business.

"The administrators will be looking at all options for the restructure or sale of this established Australian retail business," he said.

"(We) are seeking urgent expressions of interest from parties interested in acquiring or investing in the business."

A meeting of creditors will be held in Melbourne on January 28.

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