Federation Clothing and a sister firm with four Auckland stores has gone into liquidation owing creditors more than $1 million.

The business, launched about 15 years ago, is still trading and being put up for sale after liquidators were appointed to Federation Clothing and Laundromat Collective by owners Jenny Joblin and Nicholas Clegg.

Federation Clothing is a wholesaler of streetwear of the same name, which is stocked by Laundromat Collective’s four Auckland stores in the city centre, Newmarket, Takapuna and Onehunga.

Liquidator Peri Finnigan, in a report filed with the Companies Office today, said ASB Bank was owed just over $1 million of secur…

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