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Andrea Moore fashion label in liquidation
Women's fashion brand Andrea Moore has gone into liquidation.
It has seven stores across Auckland, Wellington and Christchurch and employs 22 staff.
"Though we have a loyal customer base of over 30,000 our problems will be familiar to anyone conversant with the hugely capital-intensive nature of the industry which has become very discount driven affecting valuable margins," managing director Brian Molloy said on Tuesday.
"And in 2017 we hit a perfect storm. Highly damaging late delivery, crippling creditor payment defaults and to cap it off extensive roadworks outside our retail stores in both Auckland and Christchurch constraining our passing trade for months on end."
Read the full article by Ellen Read > Business Day - stuff.co.nz