William Black: Customer deposits and the vulnerability of gift cards – how do we keep on giving?

Alexander PR In The Media

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Dick Smith

William Black is Managing Partner of McGrathNicol New Zealand

The retail sector in New Zealand has seen a significant number of companies placed into receivership, liquidation or administration over the last two years. The list of company collapses includes Dick Smith, Wild Pair, Identity, Jean Jones, Shanton and Postie Plus.

McGrathNicol has been appointed as either Receiver or Administrator in many of these insolvencies and, in addition to these appointments, has advised on the restructuring of several other retailers as they seek to address significant challenges in a sector facing intense competition for the customer dollar.

Read more here.