On the other hand, Silvershop, which was founded in 1999, has now expanded to seven stores in Queensland making it a small chain. In complete, and together with Butterfly Silver, they represented sixty three retailer closures. At the time of publication, its 99 Australian shops, along with 41 New Zealand shops, remained in the hands of Deloitte Restructuring Services as the administrators attempted to re-capitalise or sell the business. The first Colette Accessories retailer opened in Sydney’s CBD and, on the time, Hayman boasted that they would have 120 shops within three years.
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