BNZ wasn't 'willing' to continue supporting Wishbone's funding

BNZ wasn't 'willing' to continue supporting Wishbone's funding
Wishbone closed in the Christchurch airport this week. (Image: BusinessDesk)
Riley Kennedy
The Bank of New Zealand wasn’t “willing” to continue to support Wishbone’s funding last year, and it was forced to refinance, the now-collapsed hospitality chain’s first liquidator’s report says.Last week, Liquidation Management’s Mohammed Jan was appointed to The Woodward Group – the entity behind Wishbone. Founded more than 20 years ago by William and Andrea Scarlett, the business grew to have 17 stores across the country, employing 110 people with a manufacturing plant in We...

More Finance

FMA sues InvestNow over historic AML breaches
Finance

FMA sues InvestNow over historic AML breaches

The alleged breaches occurred between 2018 and 2022.

Staff reporters 20 Dec 2024
$400m Christmas bonus for Cryptopia victims
Finance

$400m Christmas bonus for Cryptopia victims

This is the first big payout since a hack and theft in 2019.

Pattrick Smellie 20 Dec 2024
ComCom plans to cap credit card surcharges
Finance

ComCom plans to cap credit card surcharges

Plan would save Kiwi shoppers millions. 

Staff reporters 18 Dec 2024
Audit fee rise is NZ playing ‘catch up’
Finance Auditing the Auditors

Audit fee rise is NZ playing ‘catch up’

Auditors have relied on importing talent, says NZSA's Oliver Mander. 

Murray Jones 18 Dec 2024