Iconic clothing manufacturer Lane Walker Rudkin will lay off its remaining staff and shut down before Christmas, the union representing the company’s workers said today.

The company has about 80 workers remaining after laying off more than 140 since it went into receivership in April.

LWR is now being investigated by the Serious Fraud Office after receivers BDO Spicers raised a red flag.

According to BDO Spicers, the LWR group “had misrepresented its financial strength to Westpac in order to borrow more money from the bank.”

The receiver of Waipara's Daniel Schuster Wines is considering tenders following a marketing campaign by Colliers.

The pioneer North Canterbury winery was placed with receiver Stephen Tubbs of BDO Spicers in July. According to his most recent report the company owes Westpac $1.1 million and unsecured creditors $1.6 million. Assets are worth $1.3 million and liabilities $2.9 million.

The registered charge holders include the Donaldson family who own the nearby Pegasus Bay vineyard.

Workers who lost their jobs when clothing company Lane Walker Rudkin went in to receivership in April have been given another chunk of their redundancy entitlements.

The receivers, Stephen Tubbs and Brian Mayo-Smith of BDO Spicers, today announced a second payment to redundant staff, bringing the total amount paid to about 55% of the money owed.

The first payment was made in late April just after the receivership was announced.

One of New Zealand’s main kitchen design, build and sale companies went in to receivership yesterday.

Kitchen House has a manufacturing facility in Mt Wellington that manufactures cabinets, bench tops and doors.

The company also has seven wholly owned super stores, and a discount factory in Auckland and other North Island shopping areas.

BDO Spicers Auckland announced Shaun Adams and Brian Mayo-Smith were appointed joint receivers and managers of the company on February 23.