Complex sentence: On 5 January 2016 the retailer collapsed and was placed into receivership with McGrathNicol appointed as administrator by the company's board and Ferrier Hodgson appointed by the company's major creditors National Australia Bank (NAB) and HSBC Bank Australia.
Split into simpler sentences: On 5 January 2016 the retailer collapsed and was placed into receivership. McGrathNicol were appointed as administrators by the company's board and Ferrier Hodgson appointed by the company's major creditors National Australia Bank (NAB) and HSBC Bank Australia.