Designer Andrea Moore bankrupt, now real estate agent

Wednesday, 12 December 2018

Auckland based fashion designer Andrea Moore declared bankruptcy in October.

Bankrupted Kiwi fashion designer Andrea Moore has changed careers and become a luxury real estate agent.

The nearly 20-year-old fashion brand Andrea Moore was put into liquidation owing over $2 million in January citing 'highly damaging' late deliveries, 'crippling' creditor payment defaults and extensive roadworks for its downfall.

The designer of her namesake brand was bankrupted in October after a debtor's application was successful.

Moore now works for New Zealand Sotheby's International Realty as a real estate agent.

* Andrea Moore fashion label in liquidation - expansion, road works cause 'perfect storm'

* Kiwi fashion designer Andrea Moore's new clothing line to be sold in Farmers**

Her portfolio of properties for sale includes a $2.5m estate in Matakana, North of Auckland.

The label's managing director, Brian Molloy, declared bankruptcy last month.

Moore would not comment on the insolvency or her new career.

Insolvency Management liquidator Keith Harris said he was aware of the bankruptcies and there were no more assets he could pursue after the receivers, McGrath Nicol had carried out their work.

Harris aimed to wind up the liquidation and release its final report by the end of the week.

The most recent liquidator's report in August showed there were about $2m secured claims made, $127,000 preferential and about $281,567 from unsecured creditors.

The receivers' final report in August revealed one of the secured lenders BNZ was still owed about $437, 236.

Employees and Inland Revenue were paid $186,000 in total in July.

Since starting the business in 1999, Moore and the label's managing director, Brian Molloy, navigated the ups and the downs of building a fashion brand in New Zealand, operating seven stores and closing some too.

Its last store and online website was closed in March.

The Andrea Moore label's managing director, Brian Molloy, was also bankrupted last month.

For privacy reasons the Ministry of Business, Innovation and Employment was unable to comment on the amount of debt owing by Moore and Molloy.