Overview
- Wittner, a 113-year-old Australian footwear retailer, has been placed into administration, citing rising costs and supply chain challenges.
- Deloitte administrators Sal Algeri and David Orr have been appointed to oversee the restructuring or potential sale of the business.
- The company operates over 20 standalone stores, 25 concessions within Myer and David Jones, and an online platform including The Iconic.
- Employees face uncertainty, particularly as the workforce is predominantly female and includes many long-term staff members.
- Wittner's collapse is the latest in a series of Australian retail insolvencies, following brands like Jeanswest and Mosaic.