Brand Collective buys Glue Store, The DOM and Running Bare
Australian fashion brands Glue Store, The DOM and Running Bare have been bought by Brand Collective after their previous owners faced financial difficulties. The deal provides a last-minute rescue and gives the brands a chance to continue operating, with Brand Collective planning to rebuild them by strengthening their online businesses.
Glue Store was shut by Accent Group in June after reporting an $8.4 million loss, while The DOM closed its website in April and Running Bare closed its physical and online stores on 1 April. The purchase price and Brand Collective’s plans for the number of stores remain undisclosed; The DOM says it will return soon, while Running Bare is expected to retain its identity alongside an improved digital platform.
- Three struggling Australian fashion brands have been rescued.
- Brand Collective plans to prioritise online expansion.
- Store numbers and the purchase price remain unknown.
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Originally published by Daily Mail as “Collapsed Aussie retailers The DOM, Running Bare and Glue Store are rescued with a last-minute lifeline”.