Luggage
and handbag chains, Victoria Station (43 stores), and Kate Hill (21 stores),
have called in administrators as their parent company Victoria Station
Corporation thought it was, or will become, insolvent.
Victoria
Station sells well known luggage brands, manufactures its own products, and
operates stores in 5 Australian states.
The
news follows a report out of America that so far this year more retailers have
closed than for the whole of 2016.
QVM
Gets $29m More From City - As
part of its overall investment in QVM (up to $250m) the City of Melbourne has
allocated another $29m on QVM expenditure in its 2017/18 budget released last week.
The
budget shows a decrease in "other income" which is mainly due to
lower returns from subsidiaries including rental income from QVM being
re-directed towards a QVM Business Continuity Program.