Yet another high-profile Aussie fashion brand has announced its stunning collapse.

The company behind popular jewellery and accessories chain Colette by Colette Hayman – the CBCH group of companies – was placed into voluntary administration late last month, it has been revealed.

Deloitte Restructuring Services partners Vaughan Strawbridge, Sam Marsden and Jason Tracy have been appointed administrators, and in a statement released this morning, Mr Strawbridge said Australia’s dire retail climate was largely to blame for the business’s failure.