Kimberleys to close by Sunday as receivers fail to find buyerRACHEL CLAYTON/STUFF Around 34 years of Kimberleys Fashion is likely to end on Sunday as receivers fail to find a buyer of the business. All Kimberleys stores will close next week after receivers failed to find a buyer of the fashion chain. Kimberleys Fashion went into receivership on October 2 after 34 years in business, due to financial pressure from changes in customer spending, overseas competition and online shopping. RACHEL CLAYTON/STUFF Kimberleys Fashion went into receivership in October. READ MORE: Kimberleys Fashion in receivership after decades in businessAll preferential creditors including staff, who were owed $63,390, and Inland Revenue, owed $127,580, have been paid.

Source: Stuff December 11, 2017 00:33 UTC