Not the Australian branch of denimlabel G-star, but its local franchise
partner, Denim Enterprises, has filed for voluntary administration this
week, says G-Star in a press release.
“Our long time franchise partner Denim Enterprises Pty Ltd,
unfortunately filed for voluntary administration. This has been a sole
decision made by the management of Denim Enterprises. We are sorry and
disappointed about their move and we have done everything possible to avoid
it,” says G-Star.
G-Star will remain active in the Australian market. “G-Star and
Australia have a special history together, as it was one of the first
international markets that embraced our brand.
We have a strong and long relationship with the Australian consumer and
we will continue to serve them well through strong, profitable stores in
key retail locations, as well as through our multibrand partners that have
sustained our brand with passion in the Australian market.”
The stores operated by Denim Enterpresis are still open.