Smiths City owes creditors $26.8m

(Image: Supplied)

Thu, 09 Oct 2025

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported by the NZ Herald.However, any distribution of funds to unsecured creditors was not anticipated at this stage, they said.Colin Gower and Diana Matchett of BDO Christchurch were appointed administrators of Smiths City (2020) Limited on Sept 2. The company was then placed i...

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