{"id":601345,"date":"2026-09-15T19:50:10","date_gmt":"2026-09-15T19:50:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/601345\/"},"modified":"2026-09-15T19:50:10","modified_gmt":"2026-09-15T19:50:10","slug":"cue-clothing-enters-receivership-after-nearly-six-decades-in-business","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/601345\/","title":{"rendered":"Cue Clothing enters receivership after nearly six decades in business"},"content":{"rendered":"<p class=\"DsYfyjGuqRwC\" style=\"display:none\">Staff were informed of the voluntary administration on Tuesday afternoon, the Australian Financial Review reported.<\/p>\n<p class=\"DsYfyjGuqRwC\" style=\"display:none\">A Hilco spokesman described the development as a \u201cdisappointing outcome, but the only available course of action given the circumstances\u201d.<\/p>\n<p class=\"DsYfyjGuqRwC\" style=\"display:none\">\u201cOur intention has always been to fund Cue to restore growth and profitability,\u201d he told the Australian Financial Review.<\/p>\n<p class=\"DsYfyjGuqRwC\" style=\"display:none\">\u201cThis appointment will now provide an opportunity for a new owner to carry the Cue and Veronika Maine brands forward.\u201d<\/p>\n<p class=\"DsYfyjGuqRwC\" style=\"display:none\">The receivers said increased sales and other improvements were not enough to offset the company\u2019s high overhead costs.<\/p>\n<p class=\"DsYfyjGuqRwC\" style=\"display:none\">A spokesman said: \u201cThe receivers are continuing to trade the business while they undertake an assessment of the business and restructuring options available.<\/p>\n<p class=\"DsYfyjGuqRwC\" style=\"display:none\">\u201cA sale process seeking offers for business as going concerns will also commence immediately seeking to secure the future of the brands, a pathway to profitability and ongoing employment for staff.\u201d<\/p>\n<p class=\"DsYfyjGuqRwC\" style=\"display:none\">The appointments come just a month after Cue and Veronika Maine were put up for sale.<\/p>\n","protected":false},"excerpt":{"rendered":"Staff were informed of the voluntary administration on Tuesday afternoon, the Australian Financial Review reported. A Hilco spokesman&hellip;\n","protected":false},"author":2,"featured_media":601346,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[74,1135,138,39426,118311,9060,34464,28167,1438,16569,78,11692,111,139,69,26820,659,4739,653,102,80],"class_list":["post-601345","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-after","tag-australian","tag-business","tag-clothing","tag-cue","tag-decades","tag-entered","tag-enters","tag-fashion","tag-iconic","tag-in","tag-nearly","tag-new-zealand","tag-newzealand","tag-nz","tag-receivership","tag-retailer","tag-six","tag-stores","tag-with","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/601345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=601345"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/601345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/601346"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=601345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=601345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=601345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}