Albury's Riot Art and Craft is among 56 stores in the chain that have been closed.
A sign was displayed in-store on Dean Street that advised: "We have been told not to open stores. For all enquiries please visit riotstores.com.au".
Parent company SLKALT went into liquidation last week, ending 46 years in operation.
Dye & Co have been appointed liquidators.
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It is understood the online arm of Riot Art & Craft will continue trading, and the website advises the business is under new ownership.
- With the Bendigo Advertiser