“The best-performing restaurants will continue to provide high-quality services. However, the less popular sites will be closed. Nearly all existing staff will be retained.
”In addition to a restructuring plan, it is intended that a proposal (by way of a Deed of Company Arrangement or DOCA) will be put to creditors at a Watershed Meeting before Christmas.
Creditors will be contacted in due course, he added.
The Companies Office lists Fleur Caulton, Andrew Glenn and Michael Hill International director Emma Hill as the directors of Go To Collection Limited.
Shareholders include Caulton and Emett’s Mayfare Limited, with 66.67 per cent, the Edgar family’s SIL Long Term Holdings with 8.33 per cent and Sir Stephen Tindall’s K One W One, also with 8.33 per cent.
Caulton and Emett co-founded and opened the first Madam Woo restaurant in Queenstown in 2013. The pair then opened three other restaurants in Christchurch, Auckland and Hamilton, and launched Hawker & Roll, which has five outlets.
Shortly after Covid struck, in May 2020, they closed a Christchurch restaurant and laid off staff.