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Closure Of New Zealand Marcs And David Lawrence Stores (M. Webster Holdings (NZ) Limited)

March 11, 2017 Business News No Comments Email Email

The Administrators have announced that the New Zealand operations of Marcs and David Lawrence are to close.

Rodgers Reidy was appointed as Administrators to the Companies on 1 February 2017.

In total, 10 New Zealand stores will close over the next 2 months. The store closures will impact 11 full time, 22 part time and 11 casual jobs.

MARCS

 

Auckland

 

·       Auckland: 41 High Street

·       Newmarket: Shop 3, 277 Broadway

·       Onehunga: Dress Smart Outlet Centre, 151 Arthur Street

 

Wellington

 

·       Lambton Quay: Unit G1, MLC Building, 33 Hunter Street

·       David Jones, 166 Lambton Quay, Wellington

 

 

DAVID LAWRENCE

 

Auckland

 

·       Newmarket: Corner Broadway & Teed Streets

·       Onehunga: Dress Smart Outlet Centre, 151 Arthur Street, Onehunga

·       Botany: Shop 7, Town Centre Drive

·       Sylvia Park: 27 Sylvia Park Complex, 286 Mount Wellington Highway, Mount Wellington

 

Wellington

 

·       Wellington: 49 Willis Street, Chews Lane

 

Administrator and Director of Rodgers Reidy, Andrew Barnden said:

“Both brands have been operating in New Zealand for more than ten years. As Administrators, we have an obligation to restructure the operations of the Australian and New Zealand businesses while we attempt to sell the business as a going concern.

“Whilst the stores are permanently closing, New Zealanders will have a great opportunity to purchase quality apparel at discounted prices. We hope loyal customers take advantage of this final opportunity to buy great product from these iconic brands.

“Stock will be discounted from today and stores will close progressively over the next few months. Customers should hurry into their favourite stores to access this one-off discount opportunity.

“As a show of good faith, we are offering all loyalty customers full redemption of store credits and gift vouchers if they purchase in store by 31 March (subject to spending an equal amount in store).

“Whilst the New Zealand stores of Marcs and David Lawrence are closing permanently, we are dealing with interested parties with respect to the sale of the Australian businesses and are continuing to trade 177 Marcs and David Lawrence stores. 

“No decision has yet been made on the Australian arm of the businesses.

“Marcs and David Lawrence stores in Australia will continue to trade in Australia until further notice while the Administrators are dealing with interested parties,” Mr Barnden said.

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