Riot Art & Craft Stores Close Following Appointment Of Liquidators | Bendigo Advertiser
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Retail chain Riot Art & Craft closed its Bendigo store after the liquidation of parent company SLKALT last week, ending 46 years in business. The art supply store is one of 56 stores in Australia to close. Teinture & Co have been appointed liquidators. Director Nicholas Giasoumi said 140 permanent employees owed around $ 3.5 million in wages and fees, while unsecured creditors, mostly homeowners, owed around $ 8.5 million. READ MORE: It is understood that the online branch of Riot Art & Crafts will continue to trade. The shutdown comes as retailers continue to fight the impacts of the coronavirus pandemic. In August, the fate of several Bendigo clothing stores was thrown into limbo after Mosaic Fashion announced the closure of 500 stores across the country. Mosaic Fashion owns brands such as Millers, Rockmans, Noni B, Rivers, Katies, Crossroads, Autograph and W. Lane. A company spokesperson said it was too early to know whether Bendigo stores would be among those to be closed. The city has a Rivers, Millers and Crossroads in the CBD, a Noni B, Millers and Rockmans in Lansell Square and a Katies and Autograph in Bendigo Marketplace. More recently, Bendigo Marketplace’s Sanity store closed and the city’s last outlet is trading at Lansell Square.
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Retail chain Riot Art & Craft closed its Bendigo store after the liquidation of parent company SLKALT last week, ending 46 years in business.
The art supply store is one of 56 stores in Australia to close. Dye & Co have been appointed liquidators.
Director Nicholas Giasoumi said 140 permanent employees owed around $ 3.5 million in wages and fees, while unsecured creditors, mostly homeowners, owed around $ 8.5 million.
It is understood that the online branch of Riot Art & Craft will continue to operate.
In August, the fate of several Bendigo clothing stores was thrown into limbo after Mosaic Fashion announced the closure of 500 stores across the country.
Mosaic Fashion owns brands such as Millers, Rockmans, Noni B, Rivers, Katies, Crossroads, Autograph and W. Lane.
A company spokesperson said it was too early to know whether Bendigo stores would be among those to be closed.
The city has a Rivers, Millers and Crossroads in the CBD, a Noni B, Millers and Rockmans in Lansell Square and a Katies and Autograph in Bendigo Marketplace.
Most recently, Bendigo Marketplace’s Sanity store closed, the city’s last outlet trading in Lansell Square.
