Furniture retailer Far Pavilions collapses into voluntary administration

A furniture retail chain with nine stores in Queensland has collapsed into voluntary administration.

Far Pavilions was founded in 1995 and specialises in affordable furniture and homewares from other countries.

Administrators were appointed to the company on July 8, with Michael Owen and Martin Ford of PPB Advisory appointed to manage the administration.

PPB Advisory said in a statement this week three of the nine Far Pavillions stores have closed following an initial review of the business.

These stores are located at Browns Plains, Kawana and Townsville.

The remaining six stores in Fortitude Valley, Bundall, Carseldine, Helensvale, Logan and Toowoomba are expected to continue trading throughout the administration process.

“PPB Advisory is currently undertaking a review of the business and seeking offers for Far Pavilions and/or its assets,” the administrators said in the statement.

Potential buyers have until July 19 to contact the administrators about the business or its assets.

According to the Courier Mail, some customers have taken to Far Pavilion’s Facebook page to complain about not being offered refunds for unfulfilled orders.

However, the Far Pavilions Facebook page is no longer available.

SmartCompany has contacted Far Pavilions for further comment.