After what has been a terrible start to the decade for the Australian retail industry, another long-standing chain has gone into voluntary administration.
50-year-old homewares brand ISHKA has collapsed with 500 jobs now on the line.
ISHKA’s owner Toby Darvall admitted to having a “catastrophic Christmas and Summer” and made the ultimate decision to try and preserve stores and jobs.
“We have taken the unusual step for a privately-run family company to speak out during this difficult time,” Mr Darvall said.
“We want our staff, our makers and our suppliers to know we are here to help and support them. We know the ripple effect an event like this can have on hundreds of families and communities involved in the company”.
The company, which started in Melbourne’s south-east, sells hand-made goods such as clothes, homewares, furniture and jewellery from across the world.
The online store is currently having a clearance sale, with a large banner stating an administrator has been appointed and everything must go. At first glance, it seems everything is half price. You can have a look at their remaining stock here.
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A message from our Owner and CEO, Toby Darvall To our wonderful Karma Club customers, Firstly let me personally thank you for almost 50 years of incredible loyalty to our wonderful, unique, quirky, colourful and much loved brand. We are a family owned business which has relied on amazing customers like you over the many years we have been open. We greatly appreciate that. However, after some very tough months, that may now come to an end – I am so sorry to have to let you know that we have made the difficult decision to put our business into voluntary administration. So now we will try absolutely everything we can to save it and stay in business and keep our beautiful stores open! We are working day and night to save Ishka – but we need your help too. Our biggest sale ever will commence immediately. Now is the time to show the world what being an ISHKARIAN is all about. Please remain part of our tribe as we do everything to save our wonderful brand – keep shopping and tell all of your friends to please shop too. Thank you for your understanding and wishing you good karma, Toby