Menswear Brand Roger David Goes Into Voluntary Administration
Roger David menswear has become the latest Australian company to go into voluntary administration.
The brand which specialises in men's casual wear and suits has been in the Australian fashion industry for over 70 years. The company has three brands -- Roger David, RDX and Stray.
Currently there are 57 stores across Australia with more than 300 staff. It is expected the stores will remain open over the Christmas period to maximise options for the company in the future.
The company's directors sight growing international competition as reason for their decision.
"Despite the directors' best efforts with the business, it simple could not compete with the influx of multinational retailers and the rapid, global evolution of online shopping," a statement released by the company on Thursday reads.
Roger David first opened in Australia in 1942.
Roger David joins a group of Australian retailers that have succumbed to the pressure of the global retail market.
READ MORE: 'Toys R Us' Goes Into Voluntary Administration
In November 2017, Australian accessories brand Oroton announced it had gone into voluntary administration after it's eight month get-out-of-jail plan, complete with celebrity influencers and the addition of new brand The Daily Edited, failed.
Like Roger David, Oroton had been part of the Australian retail industry for over 70 years.
In the last few years, other Australians brands including SurfStitch, the Aussie branch of Topshop, Marcs, David Lawrence, Payless Shoes, Herringbone and Rhodes & Beckett all fell to the pressure of the Australian retail market.
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