In news that is saddening for the local Australian fashion brand, Lover has gone into voluntary administration, according to a media release from Ferrier Hodgson – a financial advisory firm.
Ferrier Hodgson were appointed as administrators on 23 November, with the firm stating it would be “business as usual whilst the administrators assess the business and immediately call for expressions of interest for a sale as a going concern.”
The media released by Ferrier Hodgson further stated, “Lover is an iconic and well-established fashion brand that represents a unique opportunity for interested parties.”
Continuing with, “we plan to work closely with Lover’s management to find an acquirer for this popular brand.”
Lover will still go forth actively online, with prices of all garments marked down to sale.
At this time, Lover has not yet released a statement.
This news follows further desolate news pertaining to several other retailers facing the financial chopping block – Marcs and David Lawrence, Topshop and Kit and Ace included.
Please say the end to our wedding-inspired dreams haven’t come to a close.
