Revealed: All the NSW fashion stores set to shut
Coronavirus has claimed another victim with Bondi fashion institution Tuchuzy placed into voluntary administration after 25 years in business.
The retailer will continue to trade with founder Daria Sakic determined to push through with a restructured business over the coming months.
Suppliers were notified of the decision on Wednesday night.
"Today Daria made the hard decision to put Tuchuzy Bondi into voluntary administration," an email to suppliers read. "We all hope that this restructure will lead our business to a better and stronger future."
An attached circular to suppliers detailed the voluntary administration procedures from administrator Barry Kogan.
"It is our intention to continue trading Tuchuzy's business while we undertake an urgent assessment to determine the best course of action to preserve its business," Kogan wrote.
Tuchuzy sells some of Australia's top designer brands, including Dion Lee, Ena Pelly, Ksubi and Senso. International brands sold include Balenciaga, Adidas x Alexander Wang and Helmut Lang.
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The fashion heavyweight, responsible for brands like JETS Swimwear, Review, Black Pepper and Yarra Trail went into voluntary administration at the end of May.
The retailer has 225 shops across Australia and New Zealand and over 1300 employees.
In May, the discount department store owned by Wesfarmers, announced it would be closing as many as 75 of it's stores across the country. It also announced that it would covert a further 90 stores into Kmart stores, which it also owns.
In January the department store announced it would shut 21 stores across the country after it was placed into receivership in December.
KPMG were appointed as administrators of the denim brand in January after the companies originally behind it went under.
At the height of their success the chain had over 200 stores, but after being sold to Hong Kong Company Harbour Guidance in March, just 98 remain.
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The handbags and accessories chain was placed into voluntary administration in late January, leaving 140 stores in limbo.
In January, the fashion chain announced it would shut 58 of it's stores, leaving 530 people without jobs, after entering administration in November. Only 14 stores now remain and they are confined to NSW and Victoria.
Leading Australian fashion designer Alex Perry closed his only bricks and mortar store in Sydney's Strand Arcade in February, announcing he will focus solely on online.
Originally published as Revealed: All the NSW fashion stores set to shut