The New Zealand stores of fashion retailers Marcs and David Lawrence are closing down. Administrators Rodgers Reidy today confirmed the closure of all 10 New Zealand stores over the next two months. "Whilst the New Zealand stores of Marcs and David Lawrence are closing permanently, we are dealing with interested parties with respect to the sale of the Australian businesses and are continuing to trade 177 Marcs and David Lawrence stores," Barnden said. Related Content Fashion brands David Lawrence, Marcs in trouble PM Bill English keeps John Key's ban on ministers' partners travelling on the taxpayer - with a few exceptions Tom O'Neil: Look before you leap"No decision has yet been made on the Australian arm of the businesses." David Lawrence and Marcs are among a string of retailers hit by tough times in the Australasian retail market.

Source: New Zealand Herald March 09, 2017 00:33 UTC