Popular home shopping chain Ishka becomes the newest victim of Australian retail apocalypse when it comes to administration – launching an ‘everything must go’ sale
Household goods chain Ishka became the last victim of the Australian retail apocalypse after she announced that the voluntary administration had started.
The family-owned Australian chain, which was launched in 1971, has 60 stores across the country and around 450 employees.
Owner and CEO Toby Darvall thanked the loyal customers of the brand who have been assisting the chain for five decades.
“First of all, I want to thank you personally for almost 50 years of incredible loyalty to our beautiful, unique, quirky, colorful and much-loved brand,” he said in a statement Thursday.
“We are a family business that has been open for many years to great customers like you. We greatly appreciate that. “
Darvall apologized to his customers when he announced their choice to place Ishka in voluntary administration.
“After a few very difficult months, this may come to an end – I am sorry to inform you that we have made the difficult decision to put our company in voluntary administration,” he said.
More to come