Smiths City goes into voluntary administration

Home appliance and furniture retailer Smiths City has gone into voluntary administration. Administrators are calling for “urgent” expressions of interest for potential buyers of the business. The company was founded in Christchurch in 1918, and currently operates nine physical stores across New Zealand, along with an online store. In a statement, a spokesperson for administrators…

Retail icon Smiths City in voluntary administration

“The voluntary administration process aims to achieve the best outcome for all stakeholders. This may include selling the business and assets to interested parties.” The administrators said they were calling for urgent expressions of interest. Administrators said they met with staff at 8:30am this morning to explain the process going forward. “The aim is to…