Ezibuy owes more than $100m, administrators recommend liquidation

Retailer faces liquidation with unsecured cred. (Image: Supplied)

Thu, 13 Jul 2023

Retailer Ezibuy, which owes more than $100 million after being valued at $350m 10 years ago, is facing liquidation with unsecured creditors likely to get nothing.Those owed money by the group, which is owned by Australian-listed Mosaic Brands, are being called to a watershed meeting in Auckland next week to decide on Ezibuy’s future.They have the option of tipping it into liquidation or opting for a deed of company arrangement (DoCA) – something the administrators haven’t put together and don’t recommend.In April, Ezibuy...

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