The Daniel Wellington flagship store on Auckland’s Queen Street which opened in June 2019 and the Newmarket store closed permanently on 28 May.
Posted June 12, 2020 | By Arabella Roden Assistant Editor
The New Zealand subsidiary of Daniel Wellington was liquidated on 28 May 2020 less than two years after it was incorporated due to the unprecedented challenges of the COVID-19 pandemic.
A report prepared by liquidator Craig Sanson of PriceWaterhouseCoopers noted that New Zealands level-four lockdown which was in place from 25 March to 27 April and prohibited trading of all non-essential businesses had diminished revenues for the business, while significant fixed costs remained.
Confirming the companys demise to Jeweller, Sco…
Read the full article at: https://www.jewellermagazine.com/Article/8911/Daniel-Wellington-New-Zealand-goes-into-liquidation
