Friday, June 1st, 2012 - The Insolvency Experts
Two Bridal wear stores in Melbourne were placed into liquidation last week leaving many brides-to-be in an uncertain position.

On Friday 25th May, the two stores, operated by the franchisee under the name Parkway Pty Ltd, were placed into liquidation As part of the normal procedures for a liquidation, all stock, including any lay by stock, was seized by the liquidators and the stores are now closed.

The stores impacted are:

*Ferrari Formal & Bridal - 551 Whitehorse Rd, Mitcham
*Spurling Bridal & Formalwear - 231C Maroondah Highway, Ringwood

The most important issue for customers of the two stores is to get a resolution for items that are under layby and find a way for those transactions to be completed. The products, which includes Brides and Bridesmaids dresses and mens suits, are currently being held by the liquidators whilst the financial situation of the company is accurately determined. The liquidators are hopeful that all layby contracts will be able to be completed.

A spokesman for the liquidators has said that they are aware how the issue is impacting worried couples and their families and are working to find a resolution as quickly as possible.

The liquidators hope to contact all customers by mail this week. They will advise of the best way for those customers to complete their transactions. There is the possibility that Belgravia clothing, the franchisor of one of the stores Spurling Bridal & Formalwear, will take possession of all lay by stock and complete the transactions.

The liquidators have asked for patience. They appreciate the delicate nature of the issue, and understand that people are concerned about their wedding which is major life event. Each customer should expect a notice in writing of the outcome soon. Anyone wanting to get the full story, or to stay updated as news develops can visit the website of the liquidators here:
www.insolvencyexperts.com.au/parkway-vic-pty-limited-in-liquidation.html

Contact Profile

The Insolvency Experts


The Insolvency Experts are Company Liquidation and Personal Insolvency Experts. If you have problems with corporate or personal debt, they can help 24 hours a day.
Steven Kugel
P: 1300 767 525
W: www.insolvencyexperts.com.au

Keywords

liquidation, weddings, business, finance, debt,

Categories

Sharing

More Formats