Bankruptcy at the end of the Doshis' Rainbow

Bankruptcy at the end of the Doshis' Rainbow
Rainbow Corner's Bhavini and Rahul Doshi were presented with an award by former prime minister John Key. (Image: Facebook)
Riley Kennedy
The directors behind embattled early childcare education company Rainbow Corner have been bankrupted.Bhavini and Rahul Doshi founded Rainbow Corner in 2018 and operated 13 early childhood education (ECE) centres across the country. The network of in-home childcare providers and an ECE private training establishment employed about 130 staff.  But it collapsed this year, and liquidators, receivers and administrators took control of the group’s multiple entities.  All up, 20 entities within the group are under some sort of insolven...

More Finance

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

Brian Robins 20 Jun 2024
Whineray appointed new Jarden chair
Finance

Whineray appointed new Jarden chair

Fraser Whineray quit as Fonterra's chief operating officer in July 2023.

Murray Jones 19 Jun 2024
The danger of seeking out a returns Booster
Finance

Paul McBeth: The danger of seeking out a returns Booster

The FMA needs to move swiftly in its bid to be a related party pooper.

Paul McBeth 18 Jun 2024