In the summer of 2025, when the bankruptcy court in Delaware, USA, finally approved Fisker’s liquidation plan, this once-promising new energy vehicle company officially put an end to its short lifecycle. From the high-profile launch of the Ocean SUV in 2023, to the application for bankruptcy protection in 2024, and then to the abandonment of…
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Smiths City placed into administration The Press Read the original article here
Smiths City goes into voluntary administration Stuff Read the original article here
A closed Smiths City store. Photo: RNZ / Nate McKinnon Well-known retailer Smiths City has been placed in voluntary administration. The chain is a popular furniture and electronics retailer, with a large presence in the South Island. The company, which was founded in 1918, has nine stores across the country and an online store. Administrators…
Smiths City. (File photo) Photo: Google Maps Well-known retailer Smiths City has been placed in voluntary administration. The chain is a popular furniture and electronics retailer, with a large presence in the South Island. The company, which was founded in 1918, has nine stores across the country and an online store. Administrators BDO, said the…
Dunedin’s Smiths City store has been “temporarily closed” for business this morning as the beleaguered retailer enters voluntary administration. The Dunedin store, which moved to Crawford St last year, is one of nine Smiths City shops across New Zealand to close their doors today. The big box retailer last month announced a downsizing which included…
The company was previously in receivership in 2020, when it was acquired by Colin Neal’s Polar Capital and delisted. Smiths City has nine stores and employs more than 110 staff. Smiths City has been moved into voluntary administration, affecting more than 110 staff. The home appliances and furniture retailer has nine bricks-and-mortar stores as well…
National retailer Smiths City has “temporarily” closed all of its stores after being placed in voluntary administration. Staff were called into a meeting at 9am on Tuesday and informed of the decision. All nine remaining Smiths City stores across New Zealand and its online shop have now been “temporarily closed for business” to assess the…
Christchurch-based national retail chain Smiths City will close all of its stores after being placed in voluntary administration. Staff were called into a meeting at 9am on Tuesday and informed of the decision. All nine remaining Smiths City stores across New Zealand and its online shop have now been “temporarily closed for business” to assess…