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Lover goes into voluntary administration

WORDS BY TARA SMITH

In sad news for Australian fashion, another local label is facing the chopping block.

According to a media release from financial advisory firm Ferrier Hodgson, Lover has gone into voluntary administration.

Ferrier Hodgson were appointed as administrators on November 23, with the firm stating it would be “business as usual” while Lover was assessed.

An anonymous source claiming to be an employee has also stated to Fashion Journal that employees are allegedly owed three weeks of wages. We have not been able to verify the credibility of this source.

The Lover online store is still active, with prices of all garments marked down to sale. At time of writing, Lover has not released a statement.

It all comes following the news of several other retailers facing the axe, including Marcs and David LawrenceTopshop and Kit and Ace.

loverthelabel.com

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