Home / Knowledge / News / Apparel/Garments / Apparel retailer Colorado Group to be born again as Fusion
Apparel retailer Colorado Group to be born again as Fusion
Sep '11
Australia-based apparel retailer Colorado Group, which had run into administration six-months back, will be born again as Fusion Retail Brands (FRB).

The new retailing group FRB would be launched by administrator Ferrier Hodgson. Initially, the company will have 282 outlets and employ over 2,200 people. With an Australia-wide presence, FRB will secure the future of flagship Australian brands JAG, Diana Ferrari, Mathers and Williams.

Major creditors of the Colorado Group, including Anchorage Capital Partners, Nomura, National Australia Bank (NAB) and Ice Canyon, will own FRB.

Over the next four years, FRB will be investing AUD 40 million in capital expenditure and AUD 30 million in marketing. It plans to open six new stores each year and for the current financial year it is estimating AUD 23.4 million in earnings before interest, tax, depreciation and amortization from sales worth AUD 275.7 million.

The newly christened company will be headed by former Colorado chief Kevin Roberts.

In March this year, Colorado went into administration with debts of AUD 400 million.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search