Roger David collapses

Thursday, 18 October 2018

Menswear chain Roger David has announced that it has been placed into voluntary administration after being unable to cope with an influx of international competitors and the “rapid evolution” of online shopping.

…At present, there were 57 stores being managed by more than 300 staff across Australia, the statement said.

And the consumer hasn’t buckled yet. As house prices fall it will:

Brace for liquidation.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.