All 56 riot! Art & Craft stores closed their doors after the company went into liquidation last week.
“All stores are closed as of today,” reads the message from Riot! Art & Craft Director Michael Kurc said. “You don’t have to be at work tomorrow.
“A big thank you to everyone for all of your years of service. All the best wishes for the future.”
The closings came after staff said the shelves had remained nearly empty for weeks while former staff were led to believe that stocks would be replenished.
A former employee of the Whitfords business in Western Australia who worked with the company for more than two years said she was “angry” and it was a shock after managers reassured employees.
“They kept reassuring us the week before the director actually emailed us and said stocks are on the way,” she told Nine News.
“What annoys me most is that we’ve been working as usual for the past few weeks and expecting to get paid, but we weren’t.
“That’s after the last fourteen days, when we stood in an almost empty shop and told customers that stocks would come this week.”
SLKALT Pty Ltd – the company behind Riot! Art & Craft – was active for 46 years prior to its liquidation last Monday.
Michael Kurc, director of SLKALT Pty Ltd, told Nine News that it is now in the hands of the liquidator.
“Honestly, after 46 years in business, closing doors has been very traumatic and beyond that, it’s out of my control,” he told Nine News.
Melbourne-based bankruptcy firm Dye & Co has been named liquidator, and director Nicholas Giasoumi confirmed to news.com.au that around 137 employees are affected by a total of $ 3.5 million in claims.
Former employees would be entitled to financial assistance under the Government’s Guarantee of Fair Claims Act.
“We notified employees of their claims and explained how they can access coverage through the government,” he said.
In addition, about 100 other unsecured creditors, primarily landlords, owe approximately $ 8.5 million.
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