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Cue Clothing and Veronika Maine administration

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-09-18 04:58 UTC → 2026-10-15 01:55 UTC · added removed

Fashion retailers Cue Clothing and Veronika Maine have entered voluntary administration following a period of instability under their UK-based owner, Hilco Capital. Despite recent improvements in sales, receivers from FTI Consulting reported that rising overhead costs prevented the brands from achieving profitability. As part of the restructuring process, Initially, administrators have closed five stores, including Cue outlets in Woden, Parramatta, Melbourne Central, and Armadale, and a Veronika Maine store in Mosman. The company continues As the sale process progressed, FTI Consulting announced the closure of an additional 26 stores across Australia and New Zealand. These closures involve 13 Cue locations and nine Veronika Maine locations in Australia, plus three stores in New Zealand, primarily because potential bidders identified them as underperforming sites they do not wish to acquire. Despite the shrinking physical network, both brands continue to trade as a going concern, maintaining approximately 46 stores across Australia and New Zealand, alongside their wholesale presence in Myer and David Jones. Jones remains unaffected. Administrators are currently exploring options seeking to redeploy staff into continuing stores whenever possible. Potential buyers, including Brand Collective and are seeking a buyer for the businesses. They Justin Levis, have reported strong initial interest from potential buyers due to the brands’ high recognition, submitted non-binding indicative offers, and commercial matters are currently being finalized with expressions of interest expected in early October. shortlisted parties.

Versions

  1. 2026-10-15 01:55 UTC Cue Clothing and Veronika Maine administration
  2. 2026-09-18 04:58 UTC Cue Clothing and Veronika Maine administration

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