Failed fashion chain Andrea Moore & Co 'significantly overstated' value of inventory by $3.3M

Fri, 16 Mar 2018

By Jonathan Underhill March 16 (BusinessDesk) - Andrea Moore & Co, the clothing chain that failed in January, "significantly overstated" the value of inventory on its balance sheet and in its stock system, according to receivers McGrathNicol. Directors Andrea Moore and partner Brian Molloy had attributed the demise of the women's fashion retailer to large-scale construction and traffic roadworks outside five of its seven stores and the late delivery of a significant amount of stock. The company was incorporated in 2004 and in 2016 rais...

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