Du Val founders will continue to have assets frozen and passports held by court
Du Val is in statutory management, owing more than $300 million, and its main owners, Charlotte and Kenyon Clarke, are in receivership.
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Author Archives: RNZ Business Headlines
Community Grocer supermarket returns profits to Salvation Army
The supermarket has started delivering pantry staples to online shoppers in three cities.
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Westpac warns of multi-million-dollar ‘subscription trap’
The bank said it helped stop more than $25 million in unwanted charges being put on credit cards of unwitting customers.
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Foodstuffs commits to rebuilding New World Victoria Park after fire
A massive blaze broke out at New World Victoria Park in June, and took more than 10 hours to extinguish.
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Mediawatch: Another $1 deal changes the media landscape
Analysis – For the second time in five years, a major media company has been offloaded by overseas owners for a dollar.
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Supermarket pricing errors cost NZers millions a year – Consumer NZ
A mandatory pricing accuracy code is needed to hold supermarkets to account for errors, Consumer NZ says.
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Sky TV to buy Three owner Discovery NZ for $1
Discovery NZ is a part of US media giant Warner Bros Discovery.
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‘Topping up $300 a week’: How much money do property investors actually make?
Capital gains was the biggest motivation for property investors, Simplicity chief economist Shamubeel Eaqub says.
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Kiwi investors rescue bike maker UBCO from receivership
The Tauranga based company collapsed with debts of close to $36 million.
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Value of electric vehicle imports falls nearly 60%
Stats NZ said the total value of passenger motor vehicle imports for the 12 months to June was down 23 percent or $1.4 billion to $4.9b.
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