Pumpkin Patch owes $59.5 million to ANZ, receivers KordaMentha say

Tue, 27 Dec 2016

By Sophie Boot Dec. 28 (BusinessDesk) - Pumpkin Patch owes $59.5 million to its bank and at least $6.6 million to other creditors, receivers KordaMentha said in their first report on the failed children's clothing retailer. The company was tipped into receivership by its lenders and appointed voluntary administrators in October after failing to reinvent itself in the face of shrinking sales and too much debt. KordaMentha's Neale Jackson and Brendon Gibson were named receivers. Pumpkin Patch owed its lender ANZ Bank New Zealand $59.5 mi...

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