The WA designer, who rose to success after
Rebecca Judd wore her red dress to the 2004 Brownlow Medal ceremony, said
yesterday that “astronomical and unsustainable” rents, along with the “retail
slump” were to blame.
Today she told radio station 92.9 that she
stopped receiving support from her bank and the time was right to move out of
Perth - for now.
"It's like leaving a bad lover, it's
always for the best," Tarvydas told the radio station.
"At this stage, with my experience,
you recognise when the time is right and we can't go on in King Street the way
rents are.
"I'm a major believer in going forward
in the future with Perth City ... we might come back into the city one day.
"The demand for the brand is
incredibly strong around Australia. Unfortunately it's just the way things are,
the landlords don't seem to recognise there's a retail slump.
"I've sold my house, I'm selling my
car because I love my creditors (but) when the bank stops supporting you, and
unfortunately that was the situation, and the rent is too high you just have to
know the best time to exit before things get worse.
In a statement released yesterday, Tarvydas
said the company would appoint an administrator to “look after” creditors and
“maintain business relations” with any owed parties.
“The inner-city road works (whilst necessary for the City of Perth in
the long term) make it difficult for potential clients to reach our
destination,” the designer said.
She will continue to produce rolling
collections but will focus on local and international wholesale, as well as the
global USA venture.
Tarvydas joins a range of iconic retailers,
including Wasteland and Subway DC, which have all closed up shop in the last
month - blaming high rents and construction in the inner city.
Periscope also closed its King St store and
moved to William Street because of high rent.
Pierucci executive designer Roberto
Pierucci also shut his doors with rents too high to stay in Perth and road works
destroying business.
The Tarvydas store will shut its doors for
the final time next week.
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