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Voluntary Administrator appointed to Payless Shoes


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21 September 2012: Deloitte Restructuring Services Partners David Lombe and Vaughan Strawbridge were appointed Voluntary Administrators of retailer Payless Shoes Pty Ltd late on 21 September 2012.

Payless Shoes is Australia’s largest independent shoe retailer and operates around 230 stores across the country.  

David Lombe stated: “Stores will continue to trade as normal while an urgent assessment of the company’s financial position is undertaken. A sale of the business is likely to commence shortly.”

A creditors’ meeting will be convened by the Voluntary Administrators shortly, where they will outline their role and initial findings.

Last Updated: 

Contacts

Name:
Katherine Nicholson
Company:
Deloitte
Job Title:
Analyst
Phone:
+61 2 9322 7188
Email
knicholson@deloitte.com.au
Name:
David Cambridge
Company:
Deloitte
Job Title:
Account Director
Phone:
+61 2 9322 7315
Email
dcambridge@deloitte.com.au
Name:
Vessa Playfair
Company:
Deloitte Australia
Job Title:
Head of Corporate Affairs
Phone:
Tel: +61 2 9322 7576, Mobile: +61 4 1926 7676
Email
vplayfair@deloitte.com.au

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