A Christchurch retailer has failed to survive a crowded shoe market, resulting in debts to creditors of more than $600,000, including outstanding wages and holiday pay for staff.
Street Legal Shoes Limited has operated four retail stores in Christchurch, as well as Rangiora and Dunedin, and an online site since starting the footwear business in 2004.
After efforts to continue were unsuccessful, shareholders Hamish Mcdonnell, Jeremy Mcdonnell and Rachael Wyllie put the company into voluntary liquidation on October 21.
Ashton Wheelans accountant Andrew Oorschot was appointed liquidator and released his first liquidation report on October 29.
Staff were found to be out of pocket by more than $19,000 in wages and holiday pay. Unpaid…