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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