WA STREETWEAR retail chain Live Clothing’s stores will be closed over the next month with the loss of about 90 jobs following failed efforts to save the business.

However, the insolvency experts managing the failed 24-year-old business have emphasised they are still open to offers for all or parts of Live from interested parties.

Live had 11 stores in Perth when directors called in administrators from Ferrier Hodgson in late November, blaming falling sales flowing from WA’s softer economy, increasing competition and high rents.

The stores remained open over the Christmas/New Year trading period while Ferrier Hodgson canvassed interest in a sale or a restructuring of the business.

However, in the absence of an offer, its creditors on Tuesday accepted a recommendation from the administrators that Live be wound up.

One of the company’s directors tried to organise a rescue but was unable to secure financial backing.

Another potential buyer had looked at picking up some of Live’s assets and store leases but that proposal fell through yesterday.

Ferrier Hodgson’s Wayne Rushton, one of the three administrators, said the remaining stores would be closed over the next three or four weeks.

“It never gets any easier,” he said of the wind-up.

“It’s quite an amazing team they have there. Even with the closing down sale on the weekend, their professionalism and maturity was quite astounding.”

Mr Rushton said he wasn’t giving up hope of a last-minute sale that may save jobs.

“I’m still entertaining any interest that might be out there at the moment.

“Anybody can come and buy the brand and keep Live going.”

Mr Rushton said Ferrier Hodgson, which has transitioned into the liquidator’s role, expected to almost immediately pay out most of the $450,000 owed to Live’s 90 workers, which include 25 permanent staff.