Retail chain Yoyoso has been placed into liquidation owing millions of dollars, and liquidators say it is unlikely unsecured creditors will get their money back.
By Susan Edmunds for rnz.co.nz
The Yoyoso group includes the retail brands Yoyoso, Miniso and Acecco.
Liquidators McDonald Vague said there were eight shops trading around Auckland when the chain went into liquidation but those would close through this month.
“The liquidators have closed the Northcote supermarket (Acecco Supermarket Limited) location due to lack of trading revenue but continued to trade at the Mt Albert location.
“The Yoyoso and Miniso stores have continued to trade to reduce the stock levels at each of the stores. As stock levels reduce and/or landlords make…