Business as usual for Homeart stores while review under way

THE future of Maryborough's Homeart store is unknown, with about 600 employees across Australia facing an uncertain future after the national company was put into voluntary administration late last month.

Attempts to contact Homeart have gone unanswered as the Chronicle sought to find out the future of the Maryborough franchise.

Earlier this week it was confirmed that Bundaberg's Homeart store in Bourbong St would close.

A staff member from the Maryborough store said she was unable to comment on the future of the local store.

The company has some 116 stores across the country, including many in regional towns.

Administrators at PPB Advisory were appointed on Thursday to manage the voluntary administration of the company and have begun a review of the business.

However, a statement from the firm said the business, founded in Melbourne in 1979, would continue to operate as usual while the review was under way.

PPB Advisory partner Daniel Walley said the review would allow them to investigate "all possible options, including a possible sale as a going concern" for the national retailer.

"We are working constructively with Homeart suppliers, business partners and its dedicated team of 600 staff to ensure we achieve the best possible outcome for the business," he said.

The first creditors' meeting is expected to be held this week after the initial review.



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