Up to 80pc off: Clearance sale after Aussie fashion brand collapses

Perth Now

09-05-2025

Australian popular fashion accessory brand Colette by Colette Hayman is shutting its doors for good, after years of financial struggles.
From Thursday, the budget retailer's stores across Australia were spotted holding flash clearance sales, with discounts of 60 to 80 per cent on all items.
A sign outside the Colette store at Westfield Tea Tree Plaza in South Australia on Thursday read: 'Final day of trade. 60–80% off. Everything must go!' The Colette store at Westfield Tea Tree Plaza displays signs announcing its final clearance. Credit: Supplied
Some staff members, who wish to remain anonymous, confirmed to 7NEWS.com.au that the company was closing down.
Staff were told on Thursday, with some stores expected to remain open until remaining stock is cleared.
One staff member said they were told the company had gone into voluntary administration.
The fashion brand has had a turbulent journey, having been rescued from administration for a second time in June last year.
It first went into administration in 2020 before being bought by former Myer chief executive officer Bernie Brookes.
As a result, more than 100 stores across Australia and New Zealand were closed. Colette by Colette Hayman's website promotes its final clearance. Credit: Colette by Colette Hayman
Brookes later formed the Marquee Retail Group, which also acquired leather accessories label The Daily Edited.
However, in April 2024, the group announced it had entered voluntary administration, failing to save both brands from collapse.
After a two-month-long administration process, 40 Colette stores were salvaged through a restructure.
The company said at the time that more than 400 jobs had been saved.
7NEWS.com.au has contacted Colette for comment.