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Administrator appointed to handle 27 jewellery stores

A leading firm has been appointed voluntary administrator of Bevilles Pty Ltd which operates 27 jewellery stores around Victoria, NSW and South Australia.

News Staff Reporter 02 April 2014
— 1 minute read

David McEvoy and Ian Carson of PPB Advisory were appointed voluntary administrators on 2 April with the first creditors meeting to be held on 11 May 2014.

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Mr McEvoy, a PPB Advisory partner, said “Our intention is that most of the stores will continue to trade while we assess the ongoing viability of the business and work with management and other stakeholders to explore restructuring and sale options.

“We understand that the company intends to put forward a restructuring proposal, which we will assess and report on to creditors.

Administrator appointed to handle 27 jewellery stores
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