Kitchen Things Stores Reopen For Receivership Sale

Receivers have now completed their stocktake and are reopening nearly all stores for a clearance sale of remaining products.

All stores except for those in Hamilton (which is not impacted by the receivership and administration, trading as usual throughout) and Dunedin reopened on 10am Friday to sell all remaining products.

Customers willing to purchase products on an as is, where is basis with no warranties or guarantees provided by the company have the opportunity to purchase big name brands at heavily reduced prices.

Kitchen Things receiver Stephen Keen from Grant Thornton New Zealand said, “The sale includes stock not already allocated to preexisting customers affected by the receivership.

“And, while people have the opportunity to get some bargains, they need to be acutely aware typical warranties and guarantees won’t apply to their purchases, and refunds, returns and exchanges also aren’t available.”

Stores aren’t accepting cash sales, and will only accept EFTPOS and bank transfers. They will remain open, with a view to achieving a going concern sale, or until as much stock as possible has been cleared.

About Grant Thornton International Ltd*:

Grant Thornton is one of the world's leading organisations of independent assurance, tax and advisory firms. These firms help dynamic organisations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to solve complex issues for privately owned, publicly listed and public sector clients. Over 76,000 Grant Thornton people, across 150 markets, are focused on making a difference to clients, colleagues and the communities in which we live and work.

Grant Thornton International is a non-practicing, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. References to "Grant Thornton" are to the brand under which the Grant Thornton member firms operate and refer to one or more member firms, as the context requires. Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered independently by member firms, which are not responsible for the services or activities of one another. Grant Thornton International does not provide services to clients.

*All references to Grant Thornton International in the press release and this “Notes to editor” section are to Grant Thornton International Ltd. Grant Thornton International Ltd is a non-practicing, international umbrella entity organized as a private company limited by guarantee incorporated in England and Wales.

About Grant Thornton New Zealand Ltd:

Grant Thornton New Zealand has more than 300 people working in offices in Auckland, Wellington and Christchurch. We combine service breadth, depth of expertise and industry insight with an approachable client and people first mindset, and a broad commercial perspective.

In the New Zealand context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton New Zealand Limited and its New Zealand related entities.

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