In a larger story about struggling retail giant Myer, today's AFR reports the demise of Metallicus:
"Meanwhile, another high-profile supplier to Myer is shutting up shop. A week after Esprit said it was pulling out of Australia, womenswear brand Metalicus, which has 12 stand-alone stores and 15 concessions in Myer, has fallen into administration."
Looks like PGR got out of that line of business just in time. Well played.
Ash
PGR Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
