Iconic Australian retailer Jeanswest has collapsed and appointed voluntary administrators.
The retailer has a store in Westfield Penrith and has 146 outlets across Australia.
“Jeanswest will continue to operate while the administrators conduct an urgent analysis of the business,” said KPMG Partner Peter Gothard.
“The administrators will be looking at all options for the restructure or sale of this established Australian retail business and are seeking urgent expressions of interest from parties interested in acquiring or investing in the business.”
The business says it has been “challenged by current tough market conditions” and pressure from online competition.