All posts tagged "Media Watch"

  • ANZ wears $32m Pumpkin Patch shortfall
    ANZ wears $32m Pumpkin Patch shortfall

    The collapse of Pumpkin Patch is likely to see the company's bankers wear more than $30 million in losses, receivers say. The childrens' clothing retailer, which employed 1500 staff in 166 retail stores across Australasia, collapsed last...

    • Posted June 26, 2017
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  • NZ photo library set to return home
    Fairfax NZ photo library set to return home after US wrangle

    Fairfax NZ's photo collection looks set to return to New Zealand from the United States, ending a long-running legal saga. Fairfax, the publisher of Stuff and newspapers including The Sunday Star-Times, The Dominion Post and The Press,...

    • Posted June 22, 2017
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  • Wellington restaurant Tinakori Bistro in liquidation
    Wellington restaurant Tinakori Bistro in liquidation

    A well-known Wellington restaurant is in liquidation owing more than $300,000 to creditors, after only 18 months under new ownership. Tinakori Bistro, owned by Good Root Co, closed its doors on June 9, after failing to pay...

    • Posted June 20, 2017
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  • Scott Technology buys Dunedin firm out of receivership
    Scott Technology buys Dunedin firm out of receivership

    Scott Technology has bought Dunedin engineering firm DC Ross out of receivership and, separately, plans to expand its existing facilities in the Otago city. The industrial robotics firm expects to pay less than $500,000 for the assets...

    • Posted June 20, 2017
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  • Veritas Investments suing new Nosh owners over $1.9 million
    Veritas Investments suing new Nosh owners over $1.9 million

    The former owner of gourmet supermarket brand Nosh is suing the consortium of wealthy investors who bought it over $1.9 million in allegedly unpaid debt. In February, NZX-listed Veritas Investments, which also owned the Mad Butcher franchise,...

    • Posted June 16, 2017
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  • Receiver reports potential purchase of Dunedin engineering company
    Receiver reports potential purchase of Dunedin engineering company

    An international company is negotiating with the receivers of Dunedin engineering company DC Ross over a potential purchase. While there were no indicative offers of interest to buy DC Ross during its recent sales process, PWC receiver...

    • Posted June 15, 2017
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  • Stratford takes over guardianship of gun after RSA liquidation
    Stratford takes over guardianship of gun after RSA liquidation

    Stratford's tiny council isn't preparing for World War III, but it has taken on a large field gun for the town. The World War II artillery piece has sat outside the Stratford RSA for decades but since...

    • Posted June 13, 2017
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  • Money sought from people tied to failed CallActive call centre directors
    Money sought from people tied to failed CallActive call centre directors

    An investigation into the financial records of a failed Wellington call centre has prompted a call for some people related to its bankrupt directors to pay up. CallActive​ was put into liquidation in November last year, following...

    • Posted June 1, 2017
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  • a hundred jobs on the line after Kiwi footwear empire Banks Group
    A hundred jobs on the line after Kiwi footwear empire Banks Group placed in receivership

    Banks Group, which includes New Zealand retail stores Banks Shoes, Shoe Connection, SNKR, and Plimmer Shoes has been put into receivership at the request of its director. PwC partners John Fisk and David Bridgman were appointed as...

    • Posted May 29, 2017
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  • Tree Children owner Sara Raider went bankrupt owing $600,000
    Tree Children owner Sara Raider went bankrupt owing $600,000

    The strange saga of Nelson's quirkiest trinket shop has taken yet another twist, with the revelation that its owner ran up debts of more than half a million dollars during Tree Children's brief period of trading. Sara...

    • Posted May 19, 2017
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  • PK Furniture goes into receivership
    PK Furniture goes into receivership

    PK Furniture has gone into receivership. The chain has 16 stores around the country, which now bear notices telling customers they have entered receivership. Customers, who did not want to be identified, said they were concerned about...

    • Posted May 16, 2017
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  • Former Mad Butcher store placed in liquidation facing high costs and low margins
    Former Mad Butcher store placed in liquidation facing high costs and low margins

    A former Mad Butcher franchisee was not making enough money due to rising costs and low-profit margins, liquidators say. The company which formerly operated the Mad Butcher store in Papanui, Christchurch, went into liquidation last week. Insolvency...

    • Posted May 16, 2017
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  • Canterbury's Rolleston subdivision on backburner after liquidation
    Canterbury’s Rolleston subdivision on backburner after liquidation

    The $13 million failure of property company FCL Holdings means a planned 900-section housing subdivision at Rolleston is unlikely to proceed in the near future. FCL entered a purchase agreement in mid-2016 to buy the rural block...

    • Posted May 2, 2017
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  • Point To Point building company goes into liquidation leaving homeowners in the lurch
    Point To Point building company goes into liquidation leaving homeowners in the lurch

    A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the second time. Point To Point Holdings went into liquidation in...

    • Posted May 2, 2017
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  • FMA concerned as Forex Brokers hole deepens
    FMA concerned as Forex Brokers hole deepens

    The collapse of a foreign exchange firm has sparked the interest of regulators and police as anticipated losses ballooned out to more than $15 million. Expected losses from Queen Street firm Forex Brokers, whose offices and website...

    • Posted April 20, 2017
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