Wittner, a prominent women’s footwear brand in Australia, has entered administration, marking the latest retail casualty in the nation. Recent records from the Australian Securities and Investments Commission (ASIC) confirm that the company appointed external administrators earlier today. Deloitte restructuring partners Sal Algeri and David Orr will oversee the administration process, as reported by the Australian Financial Review.
The brand operates over 20 retail locations across Australia and New Zealand, including 25 concessions within major department stores Myer and David Jones. Additionally, Wittner supplies its products through The Iconic’s online platform.
Founded in 1912 by HJ Wittner, the brand has struggled with declining sales and increasing operational costs, a situation that has impacted numerous retailers recently. As Wittner navigates this challenging period, further inquiries have been directed to the appointed administrators for more insights.