All Valleygirl and TEMT fashion stores close, bar Queen Street

Mon, 01 Aug 2016

By Edwin Mitson Aug. 1 (BusinessDesk) - The receivers appointed to the Valleygirl and TEMT fashion stores in New Zealand have closed all bar one store, on Queen Street in Auckland. The chain previously had 31 stores across the country, with around 160 workers. It went into voluntary administration on July 22, with receivers McGrathNicol appointed on July 26. In a statement, receiver Conor McElhinney said, "the company is unable to continue to trade due to its financial position and stock levels." The failure is being blamed on poor t...

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