Cloud hangs over local store – Crazy Clarks
CRAZY Clark's parent company Retail Adventures Pty Ltd announced this week administrators had been voluntarily appointed.
Deloitte national corporate affairs and communications manager Simon Ruston said store closures were inevitable but could not elaborate nor give details whether Stanthorpe's Crazy Clarks was at risk.
"It is very early days as far as the voluntary administration is concerned and we are not able to provide further details at this stage, including details around store locations and closures," he said.
"We have made it clear that 32 stores in particular will be subject to detailed review, with closures inevitable.
"Unfortunately we can not be more expansive at this stage.
"Needless to say, a focus will also be on ensuring employees are aware of developments before reading about the in media reports."
A creditors meeting will be held on November 7.
