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Instead of the 27 stores that operated prior to appointing an official administrator, the “new Bevilles” will now operate only 16 stores across Victoria, NSW and South Australia. Its staff count will be reduced from 477 to 237. | Source: Bevilles Jewellers
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It’s all in the numbers!

Many in the industry might have first thought it a joke when they heard that the 80-year old Bevilles jewellery chain was placed into administration on 1 April. Alas, it was no April Fool’s Day prank, as cruel as it would have been. 

The company entered administration voluntarily and appointed insolvency firm PPB Advisory, which produced a report to creditors highlighting the fact that the Melbourne-based retailer incurred losses of more than $10 million over the past three years...

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