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…
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Christchurch-based national retail chain Smiths City will close all of its stores across New Zealand 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 and its online shop have now been “temporarily closed for business” to assess…
Smiths City in voluntary administration MSN Read the original article here
Smiths City placed in voluntary administration BusinessDesk Read the original article here
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 chain Smiths City has announced it has been placed into voluntary administration and will close all of its stores. Staff were called into a meeting at 9am on Tuesday, where they were informed of the decision, chrislynchmedia.com reported. All nine Smiths City stores across New Zealand, along with its online shop, have been temporarily…
“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…
All Smiths City stores across New Zealand have been placed into voluntary administration, with doors shut this morning while administrators urgently assess the company’s financial position. Staff were called into a meeting at 9am where they were informed of the decision. At 8.30am all nine Smiths City stores, along with its online shop, were temporarily…
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