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11/01/2018

Andrea Moore fashion label in liquidation

Andrea Moore fashion label in liquidation - expansion, road works cause 'perfect storm

Iconic Kiwi fashion brand Andrea Moore has gone into liquidation after nearly 20 years in business.

The label's managing director, Brian Molloy, said "highly damaging" late deliveries, crippling creditor payment defaults and extensive roadworks outside both its Auckland and Christchurch stores constrained trade for months.

The company hit a "perfect storm" in 2017, Molloy said on Tue

"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."

READ MORE:

* Kiwi fashion designer Andrea Moore's new clothing line to be sold in Farmers

* Andrea Moore takes glamour to the max

Andrea Moore has seven stores across Auckland, Wellington and Christchurch and employs 22 staff.

 

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