Smiths City Undertaking Restructuring Process

  • May 22, 2020 NZST
  • Team Kalkine
Smiths City Undertaking Restructuring Process

Smiths City Group Limited (NZX:SCY) has been undertaking a restructuring process and shall close the following stores in the coming weeks:

  • Mount Wellington
  • Porirua
  • Invercargill clearance centre
  • Lower Hutt
  • Kapiti
  • Whangarei
  • Christchurch outlet

It is still discussing new lease terms for other stores and looks forward to advice of any other store closures when the negotiations are concluded.

At NZST 12:48PM, the stock was trading at $0.140 per share, no change from previous close.

 


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