Clothing company Designer Wardrobe is closing its stores in Auckland, Wellington and Christchurch
Clothing company Designer Wardrobe is closing its stores in Auckland, Wellington and Christchurch
27 October 2021
The buy-sell-rent-businesses Chair is blaming the Government's so-called "unclear" pandemic timeline for the decision.
Simon Moutter says if there was certainty stores could reopen in December - they would have kept their physical stores.
Moutter says the Government doesn't understand the cash-burn caused by lockdown.
He says access to capital is fragile for a small to medium business - and it can't be acquired without certainty.
Designer Wardrobe will still operate its online store.
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