According to the liquidator’s first report, Gower had been providing financial assistance through a related entity to keep the business running.
“We have been advised that the current economic retail climate, together with falling birth rates post Covid-19, led to the company facing financial difficulties,” Shephard and Kellow said.
“The shareholder was not prepared to continue funding the company’s losses and on 31 December 2024 resolved to appoint liquidators.”
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Before liquidation, Baby City Retail Investments owned and operated seven stores across New Zealand, in Albany, Botany, Hamilton, Tauranga,…
