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Business

Australian swimwear brand Seafolly enters administration

Australian swimwear fashion brand Seafolly has entered administration due to the “crippling” financial impact of the Covid-19 pandemic. The company has a network of 44 stores across Australia and a further 12 overseas. Scott Langdon and Rahul Goyal of KordaMentha Restructuring have been appointed as voluntary administrators. KordaMentha said it...

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Seafolly to launch in China

Seafolly, Australia’s largest swimwear brand, is expanding to China. Its products will be launched on Alibaba’s e-commerce platform, Tmall Global, later this month. While China is not the first country that comes to mind when we think of sunbathing and bikinis, it is actually a promising market for the sector. “The swimwear industry today is...

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