NURSERY furniture and baby products retailer Babyco has gone into voluntary administration, casting doubt over its 22 national stores, which employs about 70 staff.
Deloitte executive Tim Norman, who is managing the administration with Sal Algeri and Simon Cathro, said four stores will remain open including Wetherill Park in New South Wales, Rowville in Victoria, Underwood in Queensland and St Marys in Adelaide.
Administrators are investigating options to restructure the business, with a view to selling it off, Mr Norman was reported as saying in the Daily Telegraph.
