Australian fashion brand Cue Clothing falls into receivership

Cue Clothing, founded in 1968, has entered receivership. ( Getty Images: Brendon Thorne/Bloomberg )

Link copied Share Share article Sydney-based fashion business Cue Clothing Co entered receivership on Tuesday afternoon.

In a statement, FTI Consulting, appointed as receivers and managers for Cue, said increased sales and other improvements across the group were not enough to offset the overhead costs.

The company, which was founded in 1968 and operates Cue and its sister brand Veronika Maine, will continue trading while the receivers assess the business and restructuring options.