UPDATE: Brashs to honour lay-bys and gift vouchers

UPDATE: Brashs to honour lay-bys and gift vouchers

Brashs' administrator KPMG announced today that customer lay-bys and gift vouchers would be honoured.

At the commencement of administration this week, KPMG indicated there would be a 14-day moratorium while the position of lay-by customers and holders of gift vouchers was considered.

KPMG says the freeze was necessary to give it time to determine stock ownership and the extent of Brashs' liabilities. The moratorium has been lifted and it's business as usual for Brashs.

KPMG says no additional store closures or staff cuts are planned for Brashs.

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