Major Australian fashion retailer shuts 51 stores down immediately after it was ordered into liquidation

An Australian fashion chain has been forced to close 51 stores after it was forced into liquidation by the Federal Court.

Ally Fashion was also forced to axe 250 staff members after the company collapsed.

The fashion retailer, which was founded in 2001, had 160 stores across Australia and an online shop before its downfall. Read more at Daily Mail.