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Pumpkin Patch fails to find a buyer, stores to close permanently

Author
Newstalk ZB Staff ,
Publish Date
Tue, 22 Nov 2016, 1:50PM
Pumpkin Patch is preparing to close permanently, after failing to attract someone to buy the business (NZ Herald)
Pumpkin Patch is preparing to close permanently, after failing to attract someone to buy the business (NZ Herald)

Pumpkin Patch fails to find a buyer, stores to close permanently

Author
Newstalk ZB Staff ,
Publish Date
Tue, 22 Nov 2016, 1:50PM

UPDATED 5.29PM Pumpkin Patch is preparing to close permanently, after failing to attract someone to buy the business.

The company went into liquidation last month, with the hope of selling the business to a buyer who could keep stores open.

However as no one is interested, Pumpkin Patch has begun selling stock off today.

Stores will begin closing by the end of the year, with the liquidation process likely to finish in February.

While some staff have positions until then, a head office restructuring has seen the loss of 63 jobs this week.

Union Delegate Rob Dempsey said to add insult to injury the company has organised its books so they can't get a redundancy package.

He said they believe they've structured it so a sub-company owns all of the assets.

First Union organiser Lisa Meto Fox said they are searching for ways to help.

"We are looking into legal avenues. We believe that there is a legal case to try and get not only members but also non-members their redundancy entitlements," she said.

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