Jeanswest (Australia) has gone into administration as the retail chain faced a challenging retail market.

 

KPMG Administrators Peter Gothard and James Steward were appointed as voluntary administrators of Jeanswest Corporation.

 

“Jeanswest will continue to operate while the administrators conduct an urgent analysis of the business,” Mr Gothard said in a statement.

 

“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.”

 

“Jeanswest is an iconic Australian denim brand, well known in the leisure and casual wear market place,” James Stewart said the KPMG statement.

 

The Jeanswest is currently owned and operated by private Hong Kong company Howsea Limited.