- NZ DISTRIBUTION LIMITED | CIV 2017-404-2824
- NNNM ENTERPRISES LIMITED | CIV 2017-404-2803
- BUILD IT CREW LIMITED | CIV 2017-404-2686
- SOUTH CONSTRUCTION LIMITED | CIV 2017-404-2689
- FAST TRACK NZ LIMITED | CIV 2017-404-2690
- TASTE OF CHINA LIMITED | CIV 2017-404-2645
- JJZ ENTERPRISES LIMITED | CIV 2017-404-2647
- MOUNTAIN VALLEY TRADING CO. LIMITED | CIV 2017-409-915
- FBG DEVELOPMENTS LIMITED | CIV 2017-409-510
- GOLDEN FLEECE SHEEPSKIN MANUFACTURING COMPANY LIMITED | CIV 2017-409-868
Banks Shoes sold by receivers
Footwear retail group Banks Shoes has been sold by receivers.
Banks Group, which operated retail stores under the brands Shoe Connection, SNKR, Banks Shoes and Plimmer Shoes, went into receivership in May.
The receivers' first report, released today, said the company experienced cash flow pressures and suffered trading losses "following a period of significant expansion".
"The expansion was intended to counter the challenging retail environment over the last few years, however, was ultimately unsuccessful," the report stated.
Former staff of the stores, who were collectively owed $339,000, will receive their money as preferential creditors under the sale.
Read the full article on line > The New Zealand Herald - nzherald.co.nz