The closures will begin on Thursday, after prospective buyers indicated they would not seek to continue trading the 26 locations.
Collapsed fashion retailer Cue Clothing Co will close 26 stores across Australia and New Zealand after prospective buyers indicated they did not want to retain the locations.
Receivers FTI Consulting confirmed the closures would begin on Thursday, October 15, with the timing of individual shutdowns largely dependent on stock levels.
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The decision comes after interested buyers were asked which Cue and Veronika Maine stores they would take on as part of a potential acquisition. The offers identified 26 locations that prospective buyers did not intend to continue operating.
New South Wales will be hardest hit, with nine stores set to close, including Cue and Veronika Maine locations at Bondi Junction and Greenwood, and a combined outlet at Birkenhead Point.
FTI Consulting provided SmartCompany with the full list of affected stores but declined to answer further questions about the closures.
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The company’s voluntary administrators, BDO, also declined to provide additional comment.
Three stores will close in each of Victoria, Queensland and the ACT, alongside two in Western Australia, two in South Australia and one in Tasmania.
Three New Zealand stores are also affected.
The closures will not affect the brands’ department store concessions.
FTI said it intended to redeploy affected staff to stores that remain open wherever possible. The number of employees affected has not been disclosed.
The announcement follows plans to close five stores in September, shortly after Cue Clothing Co entered voluntary administration. It remains unclear whether those locations are included in the latest round of closures.
Buyers shortlisted as sale process continues
Cue Clothing Co entered voluntary administration on September 15, with FTI Consulting’s Kate Warwick and Vaughan Strawbridge appointed receivers by the company’s secured lenders on the same day.
The receivers have since received non-binding offers and shortlisted a small number of potential buyers.
FTI said several commercial matters were still being worked through with the shortlisted parties.
The Sydney-based retailer operates the Cue and Veronika Maine womenswear brands, with stores and department store concessions across Australia and New Zealand.
Which Cue and Veronika Maine stores are closing?
FTI Consulting provided SmartCompany with the following list of 26 affected locations.
Total: 26 locations: 15 Cue, 10 Veronika Maine and one combined store
Cue stores
| Store | State/country |
| Bondi Junction | NSW |
| Double Bay | NSW |
| Greenwood | NSW |
| Kotara | NSW |
| Canberra City | ACT |
| Canberra DFO | ACT |
| Doncaster | VIC |
| Moorabbin DFO | VIC |
| Pacific Fair | QLD |
| Wintergarden | QLD |
| Harbour Town Adelaide | SA |
| Hobart | TAS |
| Carousel | WA |
| Wellington | NZ |
| Onehunga | NZ |
Veronika Maine stores
| Store | State/country |
| Bondi Junction | NSW |
| Greenwood | NSW |
| Eastgardens | NSW |
| Miranda | NSW |
| Manuka | ACT |
| Emporium | VIC |
| Chermside | QLD |
| Rundle Street | SA |
| Claremont | WA |
| Willis Street | NZ |
Combined Cue and Veronika Maine store
| Store | State/country |
| Birkenhead Point | NSW |