Pumpkin Patch tipped into receivership, appoints adminstrators

Wed, 26 Oct 2016

By Paul McBeth Oct. 26 (BusinessDesk) - Children's clothing retailer Pumpkin Patch has been tipped into receivership by its lenders and appointed voluntary administrators after failing to reinvent itself in the face of shrinking sales and too much debt. Auckland-based Pumpkin Patch's board appointed McGrathNicol's Andrew Grenfell and Conor McElhinney as administrators and said it understood KordaMentha's Neale Jackson and Brendon Gibson had been named receivers. Last week the retailer said there was virtually no value left in its equity a...

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