Vacuum and cleaning retailer Godfreys will close all stores across New Zealand and Australia before May after it has failed to find a buyer for the business.
It comes after Stephen White and John Fisk of PricewaterhouseCoopers (PwC) were appointed administrators of the New Zealand arm of the business in late January.
The almost 95-year-old business is one of the world’s largest vacuum retailers and before its voluntary administration, Godfreys operated 141 stores, employing 600 across both countries.
Twenty-five of those stores were in NZ, with 16 company-operated and nine franchise stores. Within 24 hours of being appointed, White and Fisk had closed company-owned “loss-making” stores in Coastland in Paraparaumu, Porirua, Nelson, Hamilton Central, and New Plymouth.