{"id":601804,"date":"2026-09-16T05:26:12","date_gmt":"2026-09-16T05:26:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/601804\/"},"modified":"2026-09-16T05:26:12","modified_gmt":"2026-09-16T05:26:12","slug":"aussie-fashion-retailers-with-stores-in-nz-go-into-administration","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/601804\/","title":{"rendered":"Aussie fashion retailers with stores in NZ go into administration"},"content":{"rendered":"

An Australian fashion retailer has gone into voluntary administration, leaving an uncertain future for staff at more than 50 stores.<\/p>\n

Sydney-based fashion business Cue Clothing Co, which operates women’s labels Cue and Veronika Maine, was founded in 1968.<\/p>\n

It was handed over on Tuesday to voluntary administrators Duncan Clubb and Shaun McKinnon of accounting company BDO, with Kate Warwick and Vaughan Strawbridge of FTI Consulting appointed as receivers.<\/p>\n

The two labels have a combined total of 51 stores across Australia. According to their respective websites, Cue operates four stores in New Zealand, while Veronika Maine has six. <\/p>\n

It is unclear how the voluntary administration will affect the brands’ New Zealand operations. <\/p>\n

\"A<\/p>\n

A Veronika Maine store in New Zealand. (Source: 1News)<\/p>\n

The company’s clothes are also sold in department stores Myer and David Jones at dozens of locations.<\/p>\n

In a statement, FTI Consulting said the company had been overwhelmed by overhead costs.<\/p>\n

This was despite increased sales and other improvements across the business.<\/p>\n

The company will continue trading as administrators look for buyers to ensure staff keep their jobs. The receivers will also look at restructuring options.<\/p>\n

Another Australian retailer, Barbeques Galore, collapsed in June, leaving 500 workers out of a job.<\/p>\n

The company was placed into voluntary administration in February, with receivers tasked with finding a new buyer.<\/p>\n

While there were several interested parties, receivers said there were no acceptable offers to recapitalise the business by late May.<\/p>\n","protected":false},"excerpt":{"rendered":"An Australian fashion retailer has gone into voluntary administration, leaving an uncertain future for staff at more than…\n","protected":false},"author":2,"featured_media":601805,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[85,138,111,139,69],"class_list":["post-601804","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-australia","tag-business","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/601804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=601804"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/601804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/601805"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=601804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=601804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=601804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}