Banks Shoes chain becomes latest retailer to call in receivers

Fri, 26 May 2017

By Paul McBeth May 26 (BusinessDesk) - Banks Group, which runs 14 stores across the country under the brands including Banks Shoes and Shoe Connection, has been tipped into receivership at the request of director John Bank. PwC's John Fisk and David Bridgman were appointed receivers today and will work with management to figure out the company's position and whether the business can be sold as a whole or in part, they said in a statement. That could involve closing some of the 14 stores in Auckland, Wellington and Christchurch, employing...

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