29 Jun 2009

NZ clothing firm Line 7 in receivership

7:52 pm on 29 June 2009

New Zealand clothing business Line 7 has gone into receivership.

Grant Graham of receivers KordaMentha has been appointed to administer the Auckland-based company.

Line 7 dates from 1963 when it was set up as a maker of wet weather gear for sailors.

The company has since evolved into a firm making a variety of sports and sports merchandise clothing.

It also makes popular smart-casual wear, and has stores and outlets throughout New Zealand and in several cities overseas.

There has so far been no statement from the receivers or the company on Monday.

Unions say Line 7 manufactured most of its clothing overseas.