Struggling womenswear chain to shut down most stores

要点

• More than half of the remaining stores of womenswear chain Cue and Veronika Maine will close from Thursday, as receivers look for a buyer. Twenty-six of the 46 stores in Australia and New Zealand will shut.
• The Sydney-based chain entered voluntary administration in September, citing overhead costs, after nearly 60 years in business. Receivers Kate Warwick and Vaughan Strawbridge of FTI Consulting said potential buyers were not interested in a common group of stores, so those will close.
• Timing will vary by store and depend largely on stock levels. Team members will be redeployed to continuing stores where possible.