Eric Watson’s problematic loan to cash-strapped Bendon parent

Paul McBeth
Mon, 13 Jan 2020

Paul McBeth
Mon, 13 Jan 2020
Creditors circling Eric Watson may pose problems for the cash-strapped parent of lingerie maker Bendon, which owes the high-profile ex-pat businessman $2.7 million.                             The debt arose in 2018 in a complex arrangement involving Watson’s Cullen Group when Naked Brand Group bought the global online licence to sell Frederick’s of Hollywood lingerie from interests associated with Watson for $19.9 million in new shares and forgiven debt.Watson had just...
Steel & Tube shares jump 5% on break-even forecast
Dan Brunskill | Mon, 10 Aug 2020

Shares in Steel & Tube Holdings leapt more than 5 percent when the company told the market it expected to report cash positive operating earnings. The firm said it will break even for the June-year...

Primary Sector
Possible breach of code in 2013 New Image takeover
Rebecca Howard | Mon, 10 Aug 2020

A takeover of New Image Group by New Image Trustee in 2013 may have breached the Takeovers Code.

Opinion FREE
TIM HAZLEDINE: No more job subsidies, thank you
Tim Hazledine | Mon, 10 Aug 2020

The government has pulled the plug on two major job subsidy schemes.

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.