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...
Economy
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Dan Brunskill | Mon, 10 Aug 2020

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Primary Sector
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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.