Whistles Clothing fashion stores closed down for good yesterday after the Adelaide company brought in liquidators.
Whistles was one of the few Adelaide stores outside David Jones or Myer to stock high-end international designer clothing/accessories including Marc Jacobs and Karen Walker.
The business was in its 20th year of trading and was pitched at the 18-35 year-old market.
It had three stores, with the Myer-based store closing last August and the Hyde Park and Regent Arcade stores in Rundle Mall closing down Monday night.
Andrew Heard and Anthony Phillips of Heard Phillips Chartered Accountants were appointed liquidator.
“We’ve only just moved in to assess the situation,” Phillips told InDaily this morning.
“We’re still working through the level of debt and the remaining staff have been told the business has closed and will not re-open.”
While there were just three staff left by Monday night, its estimated staff levels were much higher at the business’s peak when it had three stores.
It’s owners said it had been at the forefront of Adelaide fashion since its inception 1994.
“Whistles was established with the objective of filling the gap between mainstream and luxury,” the company said on its website.
As well as procuring a large portion of the best of Australian fashion, Whistles also sourced international collections – Marc by MARC JACOBS, ‘see by chloe’ American Retro, and Sretsis & Karen Walker alongside Australian names LOVER, S&B, Claude Maus, Shakuhachi, Camilla&Marc, Chronicles of Never, Kirrily Johnston, Bassike & White Suede.
The business’s only assets are clothing stock, most of which will be returned to suppliers.
“We’re checking stock to see if it’s subject to retention of title claims and talking to suppliers,” Phillips said.
“When that’s sorted out, the remaining stock and any other assets will be liquidated by public auction.”
The stores also stocked their own range of clothing and jewellery.
– additional reporting by Melissa Mack
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