Pumpkin Patch has fallen into receivership and the Australian retailer looks set to close 27 stores nationwide, laying off 145 stage.
KordaMentha’s Brendon Gibson and Neale Jackson outlined the Pumpkin Patch and Charlie & Me closures on the other side of the Tasman, which will see 52 staff redeployed to other sites, on top of the projected job losses.
“We have already moved to close some stores in New Zealand. Having now had time to assess the financial viability of the Australian retail footprint, unfortunately it is necessary to also close some stores in an effort to stabilise the broader business,” Gibson said in a statement.
“Staff have been advised of their store closure and the receivers’ intention to pay all entitlements.”
Gibson had previously said that some outlets would close ‘’“in an effort to improve saleability and viability”
The stores were set to operate while a new buyer was found but will now close by November 15.