REDgroup administration: No NZ closures in ‘initial phase’ of restructure, creditors’ committees appointed

Thursday, 3 March 2011 Books+Publishing

REDgroup adminstrators Ferrier Hodgson have confirmed that no New Zealand bookstores would be closed and no redundancies were planned in New Zealand 'as part of the initial phase of the group's restructuring', announced in Australia yesterday. 'While book retailing has been difficult for some REDgroup outlets in Australia, there is...