Sydney fashion destination Tuchuzy enters into voluntary administration

Another blow to the retail industry.

Designer brand mecca Tuchuzy has announced that it’s entered into voluntary administration. The news comes after a startling number of Australian stores have been buckling under the coronavirus-related pressure on the retail market.

The Bondi fixture has been an iconic Sydney fashion destination since 1995 and is known for stocking a legion of cult-favourite brands, notably Chloe, Jean Paul Gaultier and Bassike, as well as shining a light on emerging designers.

The email sent to customers following the decision claimed that the difficult retail climate was a factor in the verdict. It also announced that it won’t be able to honour vouchers or gift cards for the online store at this time. The business appointed administrators on June 3 and any interested parties are being encouraged to contact the administrators’ office by Friday June 12.

With many retailers having to transition entirely to E-commerce, such as Bardot, or entering into voluntary administration as we saw Jeanswest do in January, it’s hard to anticipate the future of the retail fashion industry in Australia at this stage.

Ideally, Tuchuzy will be taken over and reinstated, but it’s hard to imagine in the current climate that this would be possible. So until further notice, we might just have to snag our Rag & Bone and Alexander Wang elsewhere. 

tuchuzy.com