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Menswear retailer Ed Harry in administration
23
Feb '11
EDH Pty Ltd, the owner and operator of approximately 130 Ed Harry menswear stores in city and country locations around Australia, has been placed in Voluntary Administration. Ferrier Hodgson partners Martin Lewis and John Hart have been appointed Voluntary Administrators of the South Australia-based retailer.

Ed Harry is a specialist menswear retailer offering casual and formal clothing for the middle-aged male. Mr Lewis said it would be business as usual while the Administrators conduct an urgent assessment of the business's financial status and prepare for the first meeting of creditors. During this period he called for regular Ed Harry customers to continue supporting their local outlets.

“We will be working closely with senior management to stabilise the business and explore options for its future including a potential sale as a going concern,” Mr Lewis said.

“This business has been undergoing a significant reconstruction process which has been progressing according to plan. However, the difficult retail environment has placed added pressure on the funding required to complete the change initiatives across all areas of the business, leading to the appointment of Administrators.”

Mr Lewis said the first meeting of creditors is to take place on 4 March 2011.

Ferrier Hodgson

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