Pumpkin Patch stores closing in New Zealand

Pumpkin Patch stores closing in New Zealand
Pumpkin Patch stores closing in New Zealand

The Pumpkin Patch receivers have begun closing the company's stores, with seven in New Zealand first to go.

The collapsed children's clothing retailer was placed in voluntary administration having debts of $NZ46 million ($43 million).

Pumpkin Patch was operating 43 stores in New Zealand before the closures in Posonby, Takapuna, Henderson, Te Rapa, Wanganui, Coastlands (branded as Charlie & Me), and Hornby.

The 57 employees who lost their jobs will receive entitlements to the gross value of $NZ22,160. The stores will wind up trading by November 8.

Pumpkin Patch operates 117 stores in Australia, which are all continuing to trade on a business as usual basis.

Receiver Brendon Gibson said on Friday no stores closures in Australia have been confirmed.

Gibson previously suggested to SmartCompany the receivers will “be looking at accelerating” stores closures.

The receivers are seeking expressions of interest in the Pumpkin Patch business and its assets by November 8.

Included in the sale are the business’s trading activities, inventory, customer list, websites and intellectual property.

 

Tags: 
New Zealand Liquidation

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