ONCE upon a time, Pumpkin Patch was a runaway success story.
At its peak in 2007, the kids fashion label founded by New Zealander Sally Synnott was valued at $790 million ($NZ830 million), with hundreds of stores across the globe.
Nine years later the clothing empire is worthless, with its receivers unable to find a white knight willing to take on the basket case of a company after it was placed into administration, owing $76 million.
Chairman Peter Schuyt and managing director Luke Bunt last month admitted the company had virtually no equity left after talks with its lender, ANZ Bank, fell through.
By February, Pumpkin Patch will be no more, leaving its 1600 employees in the lurch and shoppers frustrated by news that gift cards will only b…
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