Covid forces liquidation of celebrity favourite Mulberry's NZ store

Covid forces liquidation of celebrity favourite Mulberry's NZ store
Mulberry sold out of the Mini Seaton bag after the Princess of Wales was seen carrying it. (Image: Getty)
Riley Kennedy
Liquidators have been called in to help sell a high-end luxury bag retailer in Auckland that has nearly $2 million in liabilities. Last week, Conor McElhinney and Kare Johnstone, of restructuring firm McGrathNicol, were appointed liquidators of Luxury Retail No.1 Ltd, which operated Mulberry in Auckland’s Westfield Newmarket mall.The brand is well-known for its luxury handbags, as well as other accessories, and is popular with overseas celebrities such as Catherine, Princes of Wales, and Meghan Markle. The liquidation comes afte...

More Finance

Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.

Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Craigs' sweet spot for golden visa investors
Finance

Craigs' sweet spot for golden visa investors

Billionaires can go solo. For other wealthy investors, there's Craigs' new fund.

Net assets down, losses widen in Macquarie Group NZ's FY
Finance

Net assets down, losses widen in Macquarie Group NZ's FY

Financial group books wider full-year loss as net assets slip.

Staff reporters 12 Sep 2025