The Australian subsidiary of a French giftware retailer is for sale after the company collapsed into voluntary administration earlier this week.
Pylones International, trading as Pylones Australia, operates three retail stores in the Sydney CBD, the Melbourne CBD and Chadstone Shopping Centre in Melbourne’s eastern suburbs.
Pylones is a French giftware brand that designs, produces and distributes brightly coloured personal and home accessories, including clocks, photo frames, some jewellery and gifts for children. The company has been operating in France for 30 years and has retail stores across Europe, Asia, South America and the Middle East. The Australian subsidiary was established in 2011.
However, administrators HLB Mann Judd said in a statement on Wednesday the Australian business has “not performed in Australia as expected due to a number of factors including the current difficult retail trading environment”.