Shirtmaker Nicholas Jermyn shuts 2 stores, in administrationKEVIN STENT/FAIRFAX NZ Nicholas Jermyn has closed its doors on Willis Street in Wellington and another store in Auckland, after the company was placed in administration. Shirtmaker Nicholas Jermyn has been placed in administration and is calling on customers to help it "live another day". Company directors placed the company, which boasts five generations of textile experience, into voluntary administration, after the company struggled to keep up with competition. After a difficult trading period, it has closed two stores - one in Auckland and one in Wellington - as part of the restructure process. The stores that were not making an adequate contribution had been closed to give the business the best chance, he said- Stuff

Source: Stuff May 19, 2016 17:08 UTC